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Redundancy and claiming on Insurance.
Denzel09uk
Posts: 161 Forumite
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 They want me to stay on until the Finance system we use is obsolete (Feb to March 2012).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
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 They want me to stay on until the Finance system we use is obsolete (Feb to March 2012).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
Mortgage Balance - £189,662.09
Credit Card Debt - CLEARED
LOAN - CLEARED
0
Comments
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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.0
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I thought that might be the case, so I just wanted to clarify. Wont be doing that thenInvestments - £1,290.62 (Shares on a DRIP Strategy)
Mortgage Balance - £189,662.09
Credit Card Debt - CLEARED
LOAN - CLEARED0
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