Sick, Accident, Unemploy Insurance Problem

wildref

Hi There,
Whilst going through our finances, we've just discovered that we've been paying for mortagage protection insurance for a large number of years without actually wanting it.
When I called today to cancel it, there was no problem until I told them that I'd not wanted it for years and that we didn't even live at the property anymore (we rent it out, but it is still classed as our main residence for tax purposes). When I told them this, the telephone operator laughed and told me that we wouldn't have been covered anyway.
We have been renting this property out now for nearly 5 years, so all payments over this time were actually for nothing.

There is nothing in their original policy documents stating that we wouldn't be covered if renting the property.

Have i got a loophole to cover my ineptness of paying for this policy without realising? - can I follow this up and ask for some of my payments back since I have been paying for cover that didn't cover me? As far as I can read from their policy documents, we did not have a responsibility to inform them of this particular change in circumstance.

Any guidance welcomed!

Simon.

System

Don't know about the insurance but the tax people would really be interested in the fact that you are telling them that a house you rent out and have not lived in for 5 years is still being claimed as your main residence.

wildref

You're sooo dubious thanks to the MPs!!
I'm allowed to because of my work as a church minister :A - in our line of work it's classed as main residence because we fully intend to live there once we are not provided with residence in our job. So we are except from Capital gains tax for this reason as long as it is declared.
Happy?! - now can anyone guide with regards to the insurance at all?

dreamypuma

!!!!!! wrote: »

Don't know about the insurance but the tax people would really be interested in the fact that you are telling them that a house you rent out and have not lived in for 5 years is still being claimed as your main residence.

Pwned.....

kingstreet

The fact this has gone under the radar for five years isn't relevant.

What I suggest you do is concentrate on the issue of how this product was sold to you.

Did you buy direct from the insurer? What paperwork do you have? Was this an advised sale? Do you have detailed illustrations and a recommendation letter justifying the cover and how it met your needs?

There's a chance you may be able to claim a mis-sell, but that will depend on how you bought and the quality of the back-up documentation.

magpiecottage

You say "I have not wanted it for a large number of years", which would suggest that you did want/need it before that, so I suggest that the fault for not cancelling rests with you.

I presume your church is sufficiently mainstream to follow the biblical principle of not judging others and it is not for me to judge you but I am a little surprised to learn that a minister is looking for a "loophole".

It think it is a case of "pay unto thy insurer that which thou owe unto it because thou forgot to tell it thou wanteth insurance no longer"