home loan protection

for anything else that doesn't fit.
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superbug
Posts: 374
Joined: 30 Apr 2012, 09:59
State/Location: NSW

home loan protection

Post by superbug »

Hi all,
has anyone got home loan protection or income protection as I can not get it with my bank as I work with hazardous chemicals. does anyone else have this problem?

Thanks Lucy
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sunray18
Posts: 1487
Joined: 14 Feb 2008, 12:30
State/Location: NSW

Re: home loan protection

Post by sunray18 »

my goodness! have you told them how minimal is the amount you handle?
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superbug
Posts: 374
Joined: 30 Apr 2012, 09:59
State/Location: NSW

Re: home loan protection

Post by superbug »

Yes but they consider it hazardous regardless of how much is used. so anyone that handles hazardous (anything that can harm you is there definition)chemicals can not get home loan protection and perhaps income protection.
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lada
Posts: 1024
Joined: 29 Jun 2006, 10:00
State/Location: NSW

Re: home loan protection

Post by lada »

OMG,
I had no idea we are in the that category/ Where is our "danger money" that comes with this type of industry?
They cannot be serious!!
Lada
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superbug
Posts: 374
Joined: 30 Apr 2012, 09:59
State/Location: NSW

Re: home loan protection

Post by superbug »

not sure if science teachers are treated the same way
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lada
Posts: 1024
Joined: 29 Jun 2006, 10:00
State/Location: NSW

Re: home loan protection

Post by lada »

If not, they should be. They are the ones who want to do banned pracs and I have to insist that we cannot do it. eg lead oxide reduction with carbon. We now use copper oxide and get lovely coppery streaks of pure copper.
Lada
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Lis
Posts: 362
Joined: 01 Jun 2006, 10:00
Job Title: Laboratory Technician
School: Central Coast Grammar
Suburb: Erina Heights
State/Location: NSW

Re: home loan protection

Post by Lis »

Check with a financial advisor or go direct to an insurance company or ask at the bank to talk to someone else, I think they may getting a bit confused, which bank is it?
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superbug
Posts: 374
Joined: 30 Apr 2012, 09:59
State/Location: NSW

Re: home loan protection

Post by superbug »

st george but the rule was from westpac
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macca
Posts: 850
Joined: 10 Dec 2008, 08:38
Job Title: Mind Reader
State/Location: NSW

Re: home loan protection

Post by macca »

superbug wrote:not sure if science teachers are treated the same way
I'd like to know that one. :coffee:
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littltesttube
Posts: 76
Joined: 25 May 2012, 16:04
State/Location: NSW

Re: home loan protection

Post by littltesttube »

Are they aware that these chemicals are given to children?? :cheesy:
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superbug
Posts: 374
Joined: 30 Apr 2012, 09:59
State/Location: NSW

Re: home loan protection

Post by superbug »

Ha ha not sure littltesttube.
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fibreweb
Posts: 620
Joined: 20 Jul 2006, 10:00
School: Oxley High School
Suburb: Tamworth
State/Location: NSW

Re: home loan protection

Post by fibreweb »

Was " working with dangerous chemicals" marked in a box as the form was being filled out or is it something the bank deems is part of being a school lab assistant.
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Labbie
Posts: 3011
Joined: 28 Nov 2006, 10:00
Job Title: Retired
Suburb: At Home
State/Location: NSW

Re: home loan protection

Post by Labbie »

My husband was a Station Officer with the NSW FB Fire service, carried a fire arm, etc etc, we were covered for Income protection, and House insurance. Sure seems so silly to me.
Regards Labbie

Lab Manager/Lab Tech, mind reading etc etc
Now retired :wub:
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superbug
Posts: 374
Joined: 30 Apr 2012, 09:59
State/Location: NSW

Re: home loan protection

Post by superbug »

I was asked do i work with hazardous chemicals ? yes or no?
so my answer was yes! i did try to tell them i use a fume cupboard and PPE. but they werent interested to hear that. just yes or no! I tried to apply over the phone.
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coxy123
Posts: 18
Joined: 06 Feb 2012, 10:19
State/Location: NSW

Re: home loan protection

Post by coxy123 »

Do you think that perhaps you should have just said you were a School Administration Officer and not specified exactly which faculty you work in? How can they not insure us? Perhaps our employers need to cover home loans.
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superbug
Posts: 374
Joined: 30 Apr 2012, 09:59
State/Location: NSW

Re: home loan protection

Post by superbug »

I didnt want to do that, as I would think that i am covered and when they have to pay me out, then they will say oh sorry you told us that you did this job but that is not the case so we arent paying you.
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macca
Posts: 850
Joined: 10 Dec 2008, 08:38
Job Title: Mind Reader
State/Location: NSW

Re: home loan protection

Post by macca »

superbug wrote:I didnt want to do that, as I would think that i am covered and when they have to pay me out, then they will say oh sorry you told us that you did this job but that is not the case so we arent paying you.
Again would it work that way for Science Teachers, if they say no to working with hazardous chemicals ? Sorry but some wouldn't know even when you give them the SDS. What about farmers it's a little scarey I would love to know more.
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superbug
Posts: 374
Joined: 30 Apr 2012, 09:59
State/Location: NSW

Re: home loan protection

Post by superbug »

I asked for an example of what they would consider hazardous and the answer i got was like an "acid". no idea about anything specific.
so i will be telling my supervisor i cant use lemon juice, lol.
my hubbie works with acids as a fitter to strip the metal clean, so i suppose neither one of us would be eligible.
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smiley
Posts: 1398
Joined: 20 Nov 2006, 10:00
State/Location: QLD

Re: home loan protection

Post by smiley »

Well, having just been on 12 months of income protection, check with your Super mob first. Very often you will already be insured for income protection through them, and sometimes additional income protection is an unnecessary add-on, depending on the amount of cover that you can get from your Superannuation.
Cheers, K 8-)
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superbug
Posts: 374
Joined: 30 Apr 2012, 09:59
State/Location: NSW

Re: home loan protection

Post by superbug »

I will have to check that out smiley. Thanks! I was looking at getting home loan protection when i was denied by the bank.
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