Mortgage/Redundancy Insurance

Bill

Registered User
Messages
62
Hi, I suspect the company I work for may close down in the next few months. I have a mortgage and may be unemployed for a few months. Is it possible to get insurance to pay my mortgage if i am made redundant? Particularly considering that I think there is potential for this situation to occur.
 
It is possible to insure against redundancy.

If you think you will be making a claim quickly you may have a moral issue however.
 
Well, I dont think so atually. If a person calls out of the blue looking for such insurance - it's for a reason. And I guess they'll ask the reason.
 
Don't be too surprised if any policy you find has a condition in it that they won't pay out if the redundancy happens within a certain period.....
 
Back
Top