28th August 2014
REFUSED COVER? MAYBE LOW.IE CAN HELP
If skydiving is your thing; if your job involves a lot of travel to regions like Syria or Afghanistan; or if you have a pre-existing medical condition, chances are you've been turned down for cover by insurance companies in Ireland. But you don't have to be ruled out of the insurance market. By teaming up with Pulse in the UK, Low.ie will be able to offer people who have been refused cover, an opportunity to still have life insurance, mortgage protection, income protection, or serious illness cover
It's very much a niche, specialised area, but for Low.ie, it's an opportunity for people to still be able to avail of insurance in Ireland where they have been previously turned down because of issues such as a hazardous job, hobby or medical history. As Pulse themselves say, it's for people where 'the unusual is an everyday occurance' which relates usually to work in dangerous areas abroad, as they explain,
“With an increasing amount of occupations located in areas of conflict, such as Iraq, Afghanistan, Libya, Sudan, Pulse can offer cover to individuals and groups who will be working and living in politically unstable countries. Whether their occupation be Close Protection, Security Escorts, On-board Marine Security, employees located offshore manning Oil Rigs, Diving/Exploration Equipment and Geologists. We have also been able to assist Missionaries and Volunteers involved in the rebuilding of communities following war, natural disaster and conflict.”
By their nature, these type of policies do command a higher premium (cover can be offered by splitting the risk between underwriters) but at least there is an option for people in Ireland not to be left out of the loop when it comes to the relevant insurance cover.
"Low.ie will be able to offer people who have been refused cover, an opportunity to still have life insurance, mortgage protection, income protection, or serious illness cover"
If you're in that minority being refused cover because of any of the reasons outlined, then don't hesitate to get in touch with us today.
Please note this article was written on 28-08-2014, we can no longer place cover with Pulse.