LV= has settled nearly 60 coronavirus-related claims for policyholders with short deferred periods
LV= has decided to temporarily suspend new business for day one and week one waiting periods on its Personal Sick Pay (PSP) income protection (IP) policy as Friday 27 March. The insurer has also decided to stop paying claims for self-isolation also from today. Previously it was considering claims made by those advised by NHS 111 to self-isolate outside of its usual terms and conditions. "Over the last two weeks, we've taken and settled nearly 60 coronavirus-related claims for our policyholders with day one/one week IP policies, around 20% of these were for self-isolation. Money has be...
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