insured or not

[akita]

almost 5years ago i took out a fixed rate mortgage along with an insurance against redundancy, last payment on mortgage 31.11.2012, insurance up for renewal 01.01.2013 redundancy certain within the next few weeks is this really really bad luck i won't be able to renew policy if unemployed do the insurance company owe me or will they as i suspect only pay up to the renewal date

[factor-fiction]

I'm sure they'll pay only until the renewal date.
Are you hoping they'll continue paying until it's paid off or you get a job?

[Dodger666]

If your final mortgage payment is on 31.11.2012 why do you need to renew the policy?

Did you ask for the insurance policy when you took out the mortgage? or was it sold to you under pressure? You may be able to claim the premiums back if you didn't want it.

http://www.moneysavin...pi-loan-insurance#faq

[bushbaby_de]

I don't understand the question. If the mortgage is paid off in November 2012 then why will you need redundancy insurance after that? What will you need it to cover? Or do you just mean that the fixed term ends? I also don't understand why the mortgage and the policy end at different times if you took them out together? If you will be made redundant in the next few weeks and you have redundancy cover until next January then would you not be eligible for whatever the insurance offers?

More info needed please

[factor-fiction]

I'm not at all clear either, Dodger, but there is a bit more info here on akita's other thread which may help clarify things a bit
http://www.theanswerb.../Question1163349.html

[factor-fiction]

Ooops- I meant bushbaby not Dodger