mortgage protection insurance

[Elaine]

[Elaine]

sorry the dialogue box didn't come up to insert the following question:

i have taken out mortgate protection but within the initial exclusion period i have learnt of potential redundancy which would invalidate any claim. i was told by a colleague that this would mean that i could request a refund of all premiums paid, is this true of all contracts?

thanks

Elaine

[buildersmate]

Well the sure way is to ask the broker, but I wouldn't think so.
I think what you are saying is that there is a clause in the policy that excludes a initial period of time under the redundancy part of the insurance. But there are a host of other risks that you are covered for, for example, sickness that denies you salary meaning you would not be able to pay your mortgage? So the policy is valid and covering you - it is unfortunate that the circumstance outlined is just not covered.
Unless you are saying the policy was mis-sold because you were not told about the 'initial period'?