To Claim On Payment Protection Plan
The claimant must be the nominated borrower. PPP does not cover family, friends or other borrowers on the contract.
In order to claim on PPP in the instance of sickness or accident, you must produce a medical certificate from a certified medical practitioner. Any person with a relationship to the nominated borrower can bring this document in on behalf of the nominated borrower.
In order to claim on PPP in the instance of death. Your family (or friend) must produce either an invoice from the funeral director or death certificate.
The PPP does not cover if the loan is 35 days or more in arrears.
What is the difference between PPP and the Hardship Provision?
Sickness, accident and death are all covered by the Payment Protection Plan. However it does not cover the client for loss of income or redundancy.
The Hardship Provision in accordance to the Credit Contracts and Consumer Finance Act 2003, is available to clients who have had their situation change suddenly for the worse since the draw down of the contract. This could be the loss of a partner, job or reliable income.
What doesn’t PPP Cover?
- Pregnancy, childbirth or miscarriage
- Complications during pregnancy that are result of pregnancy
- Mental illness
- Aids
- Glue or petrol sniffing
- Alcoholism
- Drug consumption
- Ingestion, injection or inhalation of any banned substance
- Driving a motor vehicle while under the influence of alcohol or drugs
- Suicide or attempted suicide
- Intentional self injury
- Any injuries sustained while intoxicated with alcohol or drugs
- Redundancy, or loss of income due to being fired