Will My Income Protection Cover Covid19?

The World Is In Uncharted Territory

Coronavirus has caused many changes across the world. Income Protection Insurance enquiries has been increasing as Coronavirus takes hold in the UK. Questions both from new customers keen to take out a policy and existing customers checking policy coverage should they need to take time off work.

In the last 12 months we have received many calls because of ongoing fears and media coverage because of the outbreak. Some of these calls have been to take out a new Income Protection policy. We have seen an increase in customer calls. From those who already have a policy in place and are concerned about Coronavirus.

Am I Covered By My Income Protection Policy?

At Income Protection Insurance we would like to reassure our current and new customers.

The simple answer is yes. If you contract Coronavirus and you have a current Income Protection policy, It is the same as being signed off by a doctor for any other illness. You are covered by a Income Protection policy If you have the illness or other medical condition. Make sure you have a doctor’s sick note to activate your Income Protection policy, as per your policy terms and conditions.

This surge in enquiries is understandable as every newspaper and news programme is talking about the Coronavirus. People having to self-quarantine and being sent home from work. Which for many people would mean them being unable to work and missing out on wages.

Travelled Abroad?

Met anyone who has travelled from another country?

At Income Protection Insurance we are seeing some Income Protection Insurance providers change their underwriting terms for new customers. Some now asking potential policyholders if they have lived in or travelled to a list of affected countries in the past 30 days, including many popular countries or holiday destinations.

Income Protection Insurance provides a monthly payment. It covers cases of illness, an accident or involuntary redundancy. Depending on your policy, it can replace up to 70% of your income. Which takes away the worry that, should you be unable to work through no fault of your own, you won’t be able to pay the bills.

If you have any worries or concerns about your current Income Protection needs. Please complete our enquiry form and we will happily discuss the many options available to you.