{"id":24027,"date":"2020-09-17T14:58:13","date_gmt":"2020-09-17T13:58:13","guid":{"rendered":"https:\/\/www.bn-design-portfolio-jz.co.uk\/tarianarlein\/?page_id=24027"},"modified":"2021-01-08T16:08:46","modified_gmt":"2021-01-08T16:08:46","slug":"covid-19-financial-difficulties","status":"publish","type":"page","link":"https:\/\/www.tarianarlein.co.uk\/cy\/covid-19-financial-difficulties\/","title":{"rendered":"COVID-19: Financial Difficulties"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row row_type=&#8221;row&#8221; use_row_as_full_screen_section=&#8221;no&#8221; type=&#8221;grid&#8221; text_align=&#8221;left&#8221; css_animation=&#8221;&#8221; css=&#8221;.vc_custom_1600253688011{padding-top: 50px !important;}&#8221;][vc_column][vc_column_text]<\/p>\n<h2>Clients experiencing financial difficulties<\/h2>\n<p><span data-contrast=\"none\">On the 1<\/span><span data-contrast=\"none\">8th<\/span><span data-contrast=\"none\">\u00a0May<\/span><span data-contrast=\"none\">\u00a02020,<\/span><span data-contrast=\"none\">\u00a0the F<\/span><span data-contrast=\"none\">inancial\u00a0<\/span><span data-contrast=\"none\">C<\/span><span data-contrast=\"none\">onduct\u00a0<\/span><span data-contrast=\"none\">A<\/span><span data-contrast=\"none\">uthority<\/span><span data-contrast=\"none\">\u00a0<\/span><span data-contrast=\"none\">introduced new measures<\/span><span data-contrast=\"none\">\u00a0for insurance and premium finance firms to help clients in financial difficulty<\/span><span data-contrast=\"none\">.\u00a0 S<\/span><span data-contrast=\"none\">hould you be experiencing financial hardship<\/span><span data-contrast=\"none\">,<\/span><span data-contrast=\"none\">\u00a0or if things change at work or home<\/span><span data-contrast=\"none\">,<\/span><span data-contrast=\"none\">\u00a0we may be able to help by:<\/span><span data-ccp-props=\"{\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Re<\/span><span data-contrast=\"auto\">-assessing your demands &amp; needs<\/span><span data-ccp-props=\"{\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">Reviewing\u00a0<\/span><span data-contrast=\"auto\">levels<\/span><span data-contrast=\"auto\">\u00a0of cover<\/span><span data-ccp-props=\"{\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"auto\">Add<\/span><span data-contrast=\"auto\">ing<\/span><span data-contrast=\"auto\">\u00a0or remov<\/span><span data-contrast=\"auto\">ing<\/span><span data-contrast=\"auto\">\u00a0optional covers such as legal expenses<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"auto\">Add<\/span><span data-contrast=\"auto\">ing<\/span><span data-contrast=\"auto\">\u00a0or remov<\/span><span data-contrast=\"auto\">ing<\/span><span data-contrast=\"auto\">\u00a0people on your policy<\/span><span data-ccp-props=\"{\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-contrast=\"auto\">Where amendments to your insurance cover do<\/span><span data-contrast=\"auto\">es<\/span><span data-contrast=\"auto\">\u00a0not alleviate your payment difficulties,<\/span><span data-contrast=\"auto\">\u00a0you should contact your finance provider directly as<\/span><span data-contrast=\"auto\">\u00a0further\u00a0<\/span><span data-contrast=\"auto\">support<\/span><span data-contrast=\"auto\">\u00a0may be available, which could potentially include:<\/span><span data-ccp-props=\"{\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">The\u00a0<\/span><span data-contrast=\"auto\">possibility of<\/span><span data-contrast=\"auto\">\u00a0deferr<\/span><span data-contrast=\"auto\">ing<\/span><span data-contrast=\"auto\"> payments (refer to FAQ\u2019s)<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"none\">R<\/span><span data-contrast=\"none\">educed repayments, or rescheduled term<\/span><span data-ccp-props=\"{\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"none\">W<\/span><span data-contrast=\"none\">aiving missed or late payment fees<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"none\">A<\/span><span data-contrast=\"none\">mending your repayment date without any cost<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" aria-setsize=\"-1\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"auto\">Reduc<\/span><span data-contrast=\"auto\">ing<\/span><span data-contrast=\"auto\"> interest payments<\/span><\/li>\n<\/ul>\n<p><span data-contrast=\"auto\">It is important that customers do not leave themselves uninsured, so we encourage you to contact us to discuss the options available\u00a0<\/span><span data-contrast=\"auto\">if<\/span><span data-contrast=\"auto\">\u00a0<\/span><span data-contrast=\"auto\">you are struggling to afford your payments during this uncertain time.<\/span><span data-ccp-props=\"{\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Please see our FAQ\u2019s on\u00a0<\/span><span data-contrast=\"auto\">Payment Deferral<\/span><span data-contrast=\"auto\">s<\/span><span data-ccp-props=\"{\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Q &#8211; What is a payment deferral?<\/span><span data-ccp-props=\"{\"><br \/>\n<\/span><span data-contrast=\"auto\">A\u00a0<\/span><span data-contrast=\"auto\">\u2013<\/span><span data-contrast=\"auto\">\u00a0<\/span><span data-contrast=\"auto\">A\u00a0<\/span><span data-contrast=\"none\">p<\/span><span data-contrast=\"none\">ayment<\/span><span data-contrast=\"none\">\u00a0deferral<\/span><span data-contrast=\"none\">\u00a0is\u00a0<\/span><span data-contrast=\"none\">an arrangement under which a firm permits a customer that pays their insurance premium in instalments to make no payments for a specified period<\/span><span data-ccp-props=\"{\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Q \u2013 How do I apply for a payment deferral?<\/span><span data-ccp-props=\"{\"><br \/>\n<\/span><span data-contrast=\"none\">A \u2013 You should contact your insurer or finance provider direct<\/span><span data-ccp-props=\"{\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Q \u2013 If I am granted payment deferral, will I be classed as being in arrears on my payments?<\/span><span data-ccp-props=\"{\"><br \/>\n<\/span><span data-contrast=\"none\">A \u2013 No,<\/span><span data-contrast=\"none\">\u00a0nor would the provider or any third party such as broker or debt collector be allowed to cancel the policy or collect payment during the deferral period<\/span><span data-ccp-props=\"{\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Q \u2013 How long can I defer payments?<\/span><span data-ccp-props=\"{\"><br \/>\n<\/span><span data-contrast=\"none\">A \u2013 One to three months however, the provider can grant a longer extension should they wish<\/span><span data-ccp-props=\"{\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Q \u2013 W<\/span><span data-contrast=\"none\">ill I have to pay a fee?\u00a0<\/span><span data-ccp-props=\"{\"><br \/>\n<\/span><span data-contrast=\"none\">A \u2013\u00a0<\/span><span data-contrast=\"none\">The Financial Conduct Authority (FCA)\u00a0<\/span><span data-contrast=\"none\">w<\/span><span data-contrast=\"none\">ould not expect a customer to be liable to pay any charge or fee in connection with the granting of a payment deferral<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2>Post and paper-based documents<\/h2>\n<p><span data-contrast=\"auto\">We continue to handle\u00a0<\/span><span data-contrast=\"auto\">all post (incoming and outgoing)<\/span><span data-contrast=\"auto\">,<\/span><span data-contrast=\"auto\">\u00a0<\/span><span data-contrast=\"auto\">and paper-based documents such as cheques<\/span><span data-contrast=\"auto\">,<\/span><span data-contrast=\"auto\">\u00a0<\/span><span data-contrast=\"auto\">as\u00a0<\/span><span data-contrast=\"auto\">quickly and efficiently as possible\u00a0<\/span><span data-contrast=\"auto\">to ensure they are processed in a timely manner<\/span><span data-contrast=\"auto\">\u00a0to safeguard policy cover<\/span><span data-contrast=\"auto\">. Should you have any concerns about\u00a0<\/span><span data-contrast=\"auto\">instructions or cheques<\/span><span data-contrast=\"auto\">\u00a0<\/span><span data-contrast=\"auto\">you have<\/span><span data-contrast=\"auto\">\u00a0sent<\/span><span data-contrast=\"auto\">\u00a0which may not have been processed<\/span><span data-contrast=\"auto\">,<\/span><span data-contrast=\"auto\">\u00a0or documents you believe you are due from us<\/span><span data-contrast=\"auto\">,<\/span><span data-contrast=\"auto\">\u00a0please\u00a0<\/span><span data-contrast=\"auto\">contact us urgently<\/span><span data-contrast=\"auto\">.<\/span><span data-ccp-props=\"{\">\u00a0<\/span><\/p>\n<p>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row row_type=&#8221;row&#8221; use_row_as_full_screen_section=&#8221;no&#8221; type=&#8221;grid&#8221; text_align=&#8221;left&#8221; css_animation=&#8221;&#8221; css=&#8221;.vc_custom_1600253688011{padding-top: 50px !important;}&#8221;][vc_column][vc_column_text] Clients experiencing financial difficulties On the 18th\u00a0May\u00a02020,\u00a0the Financial\u00a0Conduct\u00a0Authority\u00a0introduced new measures\u00a0for insurance and premium finance firms to help clients in financial difficulty.\u00a0 Should you be experiencing financial hardship,\u00a0or if things change at work or home,\u00a0we may be&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":14,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"class_list":["post-24027","page","type-page","status-publish","hentry"],"translation":{"provider":"WPGlobus","version":"3.0.2","language":"cy","enabled_languages":["en","cy"],"languages":{"en":{"title":true,"content":true,"excerpt":false},"cy":{"title":false,"content":false,"excerpt":false}}},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>COVID-19: Financial Difficulties | Tarian<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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