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Payment Protection Insurance

  • 13-08-2011 10:37am
    #1
    DEVEREUX
    Registered Users, Registered Users 2 Posts: 541 ✭✭✭


    Hi there,

    I have payment protection insurance which I availed of with my mortgage in 2006. This was to cover 60% of my mortgage for 12 months if I was made redundant or out of work due to injury.

    I was made redundant and this 12 month insurance payment came and went.

    Im now six months into an interest only arrangement while still paying the insurance on top (approx €150)........

    Surely I shouldn't be paying this as I'm still out of work???


Comments

  • #2
    Pablo Sanchez
    Closed Accounts Posts: 1,207 ✭✭✭Pablo Sanchez


    Check the terms and conditions. You would not have had to pay premiums while you were out on claim but i would imagine that to keep the policy going you woud continue to pay. If your out of work and have used up your claim for the period, you need to ask yourself if its worth continuing with the polict at all.


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