IVA Protection by Protect IVA

[CoverItAll]

Protect IVA

Please visit www.protectiva.co.uk and send feedback on our new website to admin@protectiva.co.uk

Obtain a personal quotation - see how little it costs to protect your IVA payments.

Apply online - to see if you qualify for cover.


SPECIAL TERMS for iva.co.uk/forum Members.

If you have PPI cover elsewhere and switch to Protect IVA, we will issue IMMEDIATE COVER - WITH NO INITIAL EXCLUSION PERIOD.

OWN BUSINESS - Accident & Sickness cover , payable to the end of your IVA, PREMIUMS REDUCED TO ONLY £3.25%

EMPLOYED - The above cover PLUS Redundancy benefit, payable for up to one year, PREMIUMS REDUCED TO ONLY £4.25%

A FREE BREAD MAESTRO PRE-PAID DEBIT CARD.


To claim these SPECIAL TERMS for iva.co.uk/forum Members, e-mail to admin@protectiva.co.uk

I am/We are iva.co.uk/forum Member(s):
My/Our full name(s):
My/Our Foum name(s):
I/We claim REDUCED PREMIUMS.

I/We propose to switch cover, so claim IMMEDIATE COVER.
Existing Insurer:
Cover started:

I/We wish to claim, a FREE BREAD MAESTRO PRE-PAID DEBIT CARD.

John Tegg
www.protectiva.co.uk
0845 673 9999
We will make all your IVA payments for you if Accident or Sickness stops you paying them yourself.

[Adam Davies]

Hi John
That's an impressive looking site
Good luck with your new prodct
Regards

Andy Davie
IVA.co.uk Spokesperson and Website Manager

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp

[CoverItAll]

Thanks Andy.

John Tegg
www.protectiva.co.uk
0845 673 9999
We will make all your IVA payments for you if Accident or Sickness stops you paying them yourself.

[Martin2011]

This looks a valuable offering. How (generally) would an IP react to someone requesting this premium be agreed as part of their expenses?

Martin

[MelanieGiles]

I think as long as it did not disturb my client's ability to fund their ongoing monthly contributions, then you would have to support it - after all it is protecting our future fees as well.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[jamie24]

You say it doesn't cost us a penny,but it does as nothing is free and it is only really giving the creditors and IP's some sort of guarantee of payments if something did go wrong for a limited amount of time.Sorry to be cynical but its a product from an insurance company!

[Shining]

It's an insurance Jamie and surely if you became ill or redundant then your IVA Payments would be covered rather than your IVA failing? which could result in you/anyone facing Bankruptcy, which for me is not not an option for myself, so peace of mind that continued payments into my IVA should the dreaded happen is ideal for me.

[Martin2011]

I understand what you're saying Jamie, but have to agree with isthereanend. Sure, it provides assurance to creditors and IP's in terms of fees, and hopefully won't need to be used which means the insurance company make money - On balance, and if the premiums are affordable though, it's the peace of mind it would give me that's worth paying for. This is a long road and none of us know what challenges may crop up over 5 long years. I'd be really devastated if my IVA failed, particularly a few years in, simply for the sake of a few punds to protect my payments. Will take a long hard look at this product and make a decision in the new year.

Martin

[Adam Davies]

Hi
An IVA gives you a certainty that your debts will be cleared at the end of the term[normally five years],to have an insurance cover that maintains these payments if you are ill etc will mean that you have peace of mind that your debts will STILL be cleared.
It is worth the peace of mind if affordability allows
Regards

Andy Davie
IVA.co.uk Spokesperson and Website Manager

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp

[CoverItAll]

Hi isthereanend

You are quite right, this is an insurance.

If you are self employed and paying £400 per month to your IVA, you could pay £840 into this over 5 years and never claim.

You could also pay £840 into this and have £23,600 paid to your IVA.

Some people like to gamble, and it is their right to choose to do this, but their family will have to gamble along with them as well.

Thank goodness this insurance is NOT COMPULSORY, everyone can make their own choices. Where someone chooses to buy this cover, we will work hard to give them value for money.

Example:
A website enquiry this morning. Self employed man, IVA payment £800 per month. We quoted a premium of £28.00, and pointed out that this would be permanently reduced to £26.00 if he joined this Forum, and offered a FREE BREAD CARD as well ()normally costs £10.00).

We are trying very hard !

John Tegg
www.protectiva.co.uk
0845 673 9999
We will make all your IVA payments for you if Accident or Sickness stops you paying them yourself.

[Martin2011]

What would cover for £1600pcm roughly cost John?

Martin