reclaim mortgage insurance premium

Langford80

Hi, due admittedly to my own bad housekeeping of policies I continued paying premiums into a “Mortgage Life Insurance” protection policy after I no longer had a mortgage. I am renting.
The full premium payment was broken down into elements for critical illness, life cover and mortgage protection but policy expires on expected mortgage expiration date of May 2024 so is based on that.

My question is can I re-claim for the mortgage element based on fact insurer would never have paid out? Money for nothing?

I would not expect 100% as appreciate management fee may be charged but having realised I have paid circa £22pcm for 7 years specifically for mortgage cover it isn’t a small sum involved. The full premium to also cover life & illness is £54pcm

Thanks

Nearlyold

My question is can I re-claim for the mortgage element based on fact insurer would never have paid out? Money for nothing?

The policy would have still paid out for life and CI irrespective of whether you still had the mortgage and probably the "mortgage protection" as well. What does the "mortgage protection" actually cover? In any event it's not the insurers fault if you failed to inform them of a change of circumstances

dunstonh

My question is can I re-claim for the mortgage element based on fact insurer would never have paid out? Money for nothing?

That is an incorrect assumption. It would have paid out. It is not linked to any mortgage.

So, no. You cannot reclaim the payments.

Langford80

....That is an incorrect assumption. It would have paid out:

Hi, i am in agreement with you in my context. Maybe I should have used "it could never have paid out'.

But as Nearlyold also said it was my fault for not advising change of circumstances so I know it was a long shot in asking. I was hoping that if I could prove that that element had been redundant then I could have mitigated it but I guess will have to go down as a lesson learnt to be more organised!

Thanks