Back on the theme of ‘continuity of cover’, what if you have decided you need continuity of cover and you find a cheap locum insurance policy which claims to offer it? Are all policies the same? Well, as every good shopper knows, buyer beware. If a policy says it offers continuity of cover, fight your way through the eye-catching headlines, the guff and bluster, and read the small print. If the ‘continuity’ safeguard applies only if a set of complex and long-winded conditions are satisfied, make sure you understand what those conditions actually mean. For example, if a policy says that continuity is subject to a ‘claims ratio of x%’ does that mean the policy is likely to pay out or is notlikely to pay out?
We thought long and hard about how to word our locum insurance continuity of cover and we came up with a wording that is clear, concise, unequivocal and gives clients the safeguard they want:
“The terms applying at the Effective Date shall continue for as long as the Insured continuously renews this policy.”
Don’t get fazed by the smoke and mirrors. Put your locum insurance provider on the spot and make sure you know exactly what you’re paying for.
Author: Lynda Cox, April 2012
The opinions presented in this blog are solely those of the author on behalf of Practice Cover Limited and they do not constitute individual advice.
