Priceline Bill Protection Review
As soon as you take on the responsibility of a house, a car, even a mobile phone, you know the never-ending nature of financial responsibility. When you are unable to pay your bills for any reason, you need to make sure that have a security measure in place.
Bill protection insurance pays you a monthly benefit if you are ill, injured or out of work, to help you remain in control of your finances. Priceline Bill Protection Insurance policy provides a benefit of up to $2,500 per month, to help make ends meet, and stop you from burning through all of your savings, or racking up more bills by using your credit cards.
What does the Priceline Protects Bill Protection Policy Cover?
The Priceline Protects Bill Protection policy allows you to choose from five levels of cover, so you can choose a level which suits your budget now, and covers your monthly budget if you were to make a claim. You are not required to make a medical test when you apply, and your premiums are not affected by your age or smoking status.
Priceline is dedicated to taking care of you, with your choice of monthly benefit from $500 up to $2,500. The benefit will be paid to you if you become involuntarily unemployed, or you are unable to work because of illness or an accidental injury. The benefit is paid for up to three months if you claim because of involuntary unemployment, and is paid for up to six months if you are unable to work because of an eligible illness of injury. You can apply for Bill Protection Insurance through Priceline Protects, if you are an Australian resident 18 to 60 years old. Your policy can continue to be renewed until you are 64 years old.
You can claim for accidental injury or sickness benefit if:
- you are unable to work in your normal role for more than 30 consecutive days because of illness or an accidental injury
- you have been permanently employed before you suffered the illness or injury
- you are under the continuous care and following the advice of a doctor
- you have served the 30 day waiting period.
Your monthly benefit will continue to be paid until you return to work, or you have received six months worth of benefits, whichever comes first.
You can claim a bill protection benefit from Priceline Insurance if:
- you are suddenly involuntarily unemployed while covered by the policy
- you remain unemployed for at least 30 consecutive days.
Your monthly benefit for unemployment will be paid for up to three months. The benefit won’t be paid if your unemployment was the result of:
- your wilful misconduct
- your retirement
- the seasonal nature of your employment
- the completion of a specific period of employment, or project
- your voluntary resignation
- your involuntary unemployment before taking out the policy, or within the first 90 days of holding the policy
- your knowledge of circumstances which would lead to bankruptcy existing for your employer before taking out the policy.
Priceline Protects Bill Protection Exclusions
It is important to be aware of what is not covered by Priceline Bill Protection Insurance. Priceline Protects Bill Protection will not pay a benefit if the loss, injury or event is the direct or indirect result of:
- a deliberate or self-inflicted act, or suicide
- a criminal or illegal act
- a mental health disorder such as anxiety, depression, stress, eating disorders or emotional or behavioural disorders
- being under the influence of alcohol, with a blood alcohol level higher than the legal limit
- being under the influence of any drug not prescribed by a doctor, and not taken as directed
- your involvement in any sport in a professional capacity
- your involvement in motorsport as a driver or passenger
- an act of war
- being a pilot or crew member on an improperly licensed aircraft
- any pre-existing medical conditions
- you are older than the maximum age on your policy when you claim
- you have already received the maximum six months of the accidental injury or sickness benefit, or the maximum three months of the involuntary unemployment benefit
- the occurrence may be defined as carrying on of a health insurance business, under the Private Health Insurance Act 2007.
How Much Will Priceline Bill Protection Cost?
If you are concerned about how you will pay your bills if you are unable to work, it may seem counterintuitive to add another bill to the pile. However, if you’re juggling your budget each month, bill protection is insurance you cannot afford to be without.
Priceline Bill Protection insurance premiums are calculated by Priceline Insurance based on your risk profile, the level of cover you choose, and whether the policy covers more than one person, e.g. you and your partner. Your bill protection premiums also include fees that the insurer is required to pass on to you such as government charges, taxes, levies, stamp duty and GST.
Remember that if your premium payments lapse for more than 14 days, Priceline Insurance may refuse to pay a claim made after a payment is due, and if your premiums go unpaid for 31 days, your policy can be automatically cancelled without notice.
Making a Priceline Bill Protection Claim
If circumstances occur and you need to make a claim, the Priceline claims team is happy to help. To make a claim on your Priceline Bill Protection policy, you will need to:
- advise Priceline Insurance as soon as possible of the circumstances resulting in the claim
- obtain a claim form by calling or emailing Priceline
- include any reports, for example from the police, a carrier or other authority, detailing the accident, loss or damage
- include any other documentation required by the terms of your policy
- return the completed claim form with all the necessary documents within 30 days of the event
- provide all medical certificates and other evidence required, at your own expense
- assist the insurer with their recoveries, where they have the right to sue another party in your name to recover money payable or defend an action against you
- agree to additional medical examination if requested by the insurer, at their expense.
You may be eligible to make a claim on a cancelled policy, if the event you are claiming for happened before the policy was cancelled. Once Priceline has all of the necessary information, your claim will be processed as quickly as possible.
Who is Eligible for a Priceline Bill Protection Policy?
To apply for the Priceline Bill Protection policy, you must be between 18 and 60 years old, and once your policy is approved, it can be renewed until you are 64 years old. You must also be an Australian resident, to apply for cover. You can then choose the level of cover you need, according to your budget and financial commitments, and you will need to decide whether to cover just yourself, or include your partner on the policy too.