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Redundancy and claiming on Insurance.

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Ok, i thought I would post on here because I have an idea but didnt know whether I am allowed to do it.

Basically I got told on Tuesday that I am going to be made redundant. They want me to stay on until the Finance system we use is obsolete (Feb to March 2012).

I dont have any insurance for redundancy.

So My Idea was do i take out the policy now without letting them know that Im getting made redundant in Feb and when I get made redundant next year claim on the policy.

That way I get my mortgage paid for for 6 months or so.

Any thoughts

Denzel09uk
Investments - £1,290.62 (Shares on a DRIP Strategy)
Mortgage Balance - £189,662.09
Credit Card Debt - CLEARED

LOAN - CLEARED

Comments

  • SarEl
    SarEl Posts: 5,683 Forumite
    This is committing fraud. They ask you if you know of any reason why you may loose your job, including knowldege of upcoming redundancies. If they find out - and they do ask information of employers - then you will be in serious trouble. Your choice whether you lie to the insurance company, but I wouldn't recommend it.
  • Denzel09uk
    Denzel09uk Posts: 161 Forumite
    I thought that might be the case, so I just wanted to clarify. Wont be doing that then
    Investments - £1,290.62 (Shares on a DRIP Strategy)
    Mortgage Balance - £189,662.09
    Credit Card Debt - CLEARED

    LOAN - CLEARED
This discussion has been closed.
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