IVA Payment Protection Insurance
IVA Protect is a groundbreaking, exclusive
service from ClearDebt that offers payment protection for all
ClearDebt IVAs.
- IVA contributions protected on all suitable IVAs
- No charge to debtors - lowest possible cost to creditors
- Provides stability and confidence for debtor and creditor
The Policy
The policy is designed to protect your monthly IVA contributions
and remove the worry of unemployment or serious illness for debtors
in IVAs. It should give many more people the confidence to arrange
an IVA than has been possible before.
The policy will pay up to 12 months IVA contributions for any
one claim should a debtor be unable to work due to accident,
illness or involuntary unemployment. Accident and illness are
covered from the day the debtor's proposal is accepted, but a 90
day qualifying period is required for insurance cover for
unemployment. After the 90 day period any further occurrences of
unemployment or illness will be covered for additional 12 month
periods.
ClearDebt don't receive any commission on this policy, and it
won't increase the amount you have to pay in your IVA. The policy
will cost 4% of the contribution offered to creditors by each
debtor. Cover is likely only to be declined if the debtor is aware
of any impending redundancy or debilitating illness.
Our payment protection waiver of premium cover, branded IVA
Protect, allows ClearDebt to offer the best service to both
creditors and debtors. ClearDebt aims to provide the most
transparent and ethical service to debtors at the lowest cost. All
of our customer-facing staff are trained in IVA provision and all
have insolvency practice experience: ClearDebt is not a call
centre, nor do ClearDebt employ call centre type operatives.
Our principles include providing best advice wherever possible
to all debtors: Where the facts indicate an IVA is the right
solution ClearDebt will provide advice and support - but never
pressure to the debtor. Where the facts indicate other solutions
ClearDebt will point the debtor in the right direction.
Obtain an IVA with
Payment Protection Insurance »
