What are your options when an Income Protection claim is not paid?
There are many reasons why an Insurer won’t pay out on an income protection claim on your insurance policy.
Some of the reasons are:
- The wording of the policy allows the insurer to avoid payment eg the description of the injury or disability.
- The policy may not be what you thought you were purchasing when you took out the insurance policy eg indemnity or agreed value of income.
- Your circumstances may not be in accord with the payout criteria under the policy eg insuring for your income if you are unable to work in “your own” or “any” occupation.
If you are trying to make an Income Protection claim and have been misled or you have not understood the wording of your policy you may have a claim against the insurer. This is a complex area and advice should be sought as to the prospects of successfully pursuing a claim and the risks involved in pursuing a claim before proceeding.
If you require any assistance please feel free to contact our Commercial Litigation Team.