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Hi,
Looking for some advice around Mortgage Payment Protection Insurance in relation to how PILON and Damages Payments for Breach of Contract are treated.
I was made redundant in Jan of this year and I'm in process of initiating a claim on my Mortgage Payment Protection policy.
The insurer has asked if any PILON was made by my employer and referenced that if so a claim cannot commence until the end of the notice period.
In my case I didn't receive PILON. I received a Damages Payment for Breach of Contract- the breach being terminating my employment early and not allowing me to my right of working my notice period.
Am I correct in taking the position that in this scenario as I didn't receive PILON the answer to that question from the insurer should be 'I did not receive a PILON' and that my claim should be supported effective from the first day I registered as unemployed (1 business day after my employment termination date) ??
Many thanks in advance for any advice that can be shared on this.
LSC
Looking for some advice around Mortgage Payment Protection Insurance in relation to how PILON and Damages Payments for Breach of Contract are treated.
I was made redundant in Jan of this year and I'm in process of initiating a claim on my Mortgage Payment Protection policy.
The insurer has asked if any PILON was made by my employer and referenced that if so a claim cannot commence until the end of the notice period.
In my case I didn't receive PILON. I received a Damages Payment for Breach of Contract- the breach being terminating my employment early and not allowing me to my right of working my notice period.
Am I correct in taking the position that in this scenario as I didn't receive PILON the answer to that question from the insurer should be 'I did not receive a PILON' and that my claim should be supported effective from the first day I registered as unemployed (1 business day after my employment termination date) ??
Many thanks in advance for any advice that can be shared on this.
LSC
