Should I cancel them now or later?

blackangeluk

I have re-organised all my policies and got some far cheaper ones thanks to Martin's advice :money:

I have sorted out payment protection policy for both me and DH which covers accident, sickness and redundancy. The only thing is you cannot claim on the redundancy policy until it has been in force for 90 days. I had a stand alone policy for just redundancy which has been set up for 90 days, but it was cheaper to put it all together and cancel the stand alone. I know I should cancel that now but then I would lose any 90 day coverage "just in case" I lost my job.

I know I'm being paranoid but should I wait until current policy in force for 90 days "just in case" or just cancel it now????

Have spoken to Boss who said job is secure but I am a bit of a pessimist - what shall I do?

okra

I would keep the policy on for the 90 days. Better to be safe than sorry, for the sake of saving a few quid.

Seaxwyn

I'm with okra - think how gutted you'd be if you cancelled now and then did get made redundant.

blackangeluk

Just had a word with boss, she said definate no redundancy before Sept 6th, when it would all kick in, unless one of them died................so might keep it on :rotfl:

Cheers for advice, just confirming my pessimistic thoughts

Hope78

I'd keep it on as you can't put a value on peace of mind.

Baileys_Babe

I with everybody else, keep the policy for the 90 days. It will give you peace of mind.