Generally, making a claim on your insurance policy will not effect your Coverpay plan. You make a claim, receive claim proceeds from the insurer and your Coverpay plan continues, unaffected.
In the event your insurer pays out a total loss, your insurer may lapse or cancel the policy from the date of the loss. In this circumstance Coverpay has rights over the proceeds of your claim up to the value of your outstanding balance on your plan. We recommend you pay out the balance of your plan so the claim can be settled directly to you in full.
In the event you are in default under your plan Coverpay has rights over the proceeds of your claim up to the value of any outstanding amount. We recommend that you ensure your Coverpay plan is not in default so the claim can be settled directly to you in full.