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    • GeordieRef
    • By GeordieRef 19th Jun 17, 2:50 PM
    • 2Posts
    • 0Thanks
    GeordieRef
    Secondment / Insurance Cover
    • #1
    • 19th Jun 17, 2:50 PM
    Secondment / Insurance Cover 19th Jun 17 at 2:50 PM
    Hi all,

    Just looking to see if anyone can offer any advice on whether it's worth me keeping insurance.

    I took out redundancy insurance last November, and my company made redundancies in May this year. I was made redundant with a secondment in a different role until April 2018 and will be paid redundancy pay / classed as redundant by my employer at this time i.e. it is not a fixed term contract.

    The issue I have is that the redundancy cover I have in place will need to be renewed in November - and I already know I am to be made redundant after this.

    I don't directly want to speak to the insurers without knowing where I stand with regard to renewal and chance of claim being accepted next year.

    Does anyone have any experience or knowledge of this matter?
    Last edited by GeordieRef; 19-06-2017 at 3:20 PM.
Page 1
    • Undervalued
    • By Undervalued 20th Jun 17, 11:50 AM
    • 3,158 Posts
    • 2,870 Thanks
    Undervalued
    • #2
    • 20th Jun 17, 11:50 AM
    • #2
    • 20th Jun 17, 11:50 AM
    Hi all,

    Just looking to see if anyone can offer any advice on whether it's worth me keeping insurance.

    I took out redundancy insurance last November, and my company made redundancies in May this year. I was made redundant with a secondment in a different role until April 2018 and will be paid redundancy pay / classed as redundant by my employer at this time i.e. it is not a fixed term contract.

    The issue I have is that the redundancy cover I have in place will need to be renewed in November - and I already know I am to be made redundant after this.

    I don't directly want to speak to the insurers without knowing where I stand with regard to renewal and chance of claim being accepted next year.

    Does anyone have any experience or knowledge of this matter?
    Originally posted by GeordieRef
    You may be better asking this question on the insurance board.

    However, for what it is worth, my reaction would be that your concern would only be relevant if you were changing insurance companies. Is this not like medical (or pet) insurance where you only have to declare existing problems when your first take out cover and not when you renew? Otherwise everybody would have this problem on a yearly basis?
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