Health cover insurance

sugarbabe84

I recently completed on a new property, of which I got a mortgage for from Halifax. I applied for the mortgage through a mortgage advisor and in the process of the application I felt compelled to include health cover from aviva.

I just discovered my company already takes out health cover for me through MetLife. I was wondering if anyone knows much about aviva’s cancellation policy for income protection health insurance.

I will also ring aviva to find out.

amnblog

Felt compelled?

You already have company cover?

Did the Advisor not check? You may be over insured.

Speak to the Advisor.

sugarbabe84

amnblog wrote: »

Felt compelled?

You already have company cover?

Did the Advisor not check? You may be over insured.

Speak to the Advisor.

Yes, felt compelled in the sense that, it sounded as if it was part of the mortgage condition and that I wouldn’t get the mortgage unless I took out the cover.

Yes he didn’t check. I don’t recall him checking. I also didn’t know at that time that work already has a policy for me. Perhaps he might have checked.

Could being over insured work against me?

amnblog

You wont get paid out from permanent health insurance when you are over insured.

sugarbabe84

amnblog wrote: »

You wont get paid out from permanent health insurance when you are over insured.

Thanks. That’s good to know. I hope I can cancel the aviva policy.

sugarbabe84

I checked my policy documents last night and fortunately Im still in the cooling off period.

I just have a question. Howmuch is cancelling this place policy likely to annoy the mortgage broker?

I just want to be sensitive in how I cancel it.

[Deleted User]

How were you paying the broker?

If it was through commission on additional products, speak to him first, so that you don't end up with an additional bill.

sugarbabe84

Deleted_User wrote: »

How were you paying the broker?

If it was through commission on additional products, speak to him first, so that you don't end up with an additional bill.

Thank you.

I think it was through commission on additional products.

[Deleted User]

If so, let him know it's not suitable, so he can either recommend an alternative product, or agree a fee to pay for his services.

sugarbabe84

Deleted_User wrote: »

If so, let him know it's not suitable, so he can either recommend an alternative product, or agree a fee to pay for his services.

Thanks a lot. I’ve emailed him.

sugarbabe84

Update:

The mortgage advisor responded and he said I need to do is to contact Aviva and cancel it. He echoed what amnblog said, about me being over insured.

However, in my panic earlier in the day I phoned the mortgage company headoffice to try and find out where I stand on this issue and they said that they will ask an insurance advisor to call me tomorrow to discuss product alternative products. I think they might try and sell me another insurance policy. I need to tell them I dont need one.