mortgage protect insurance

bobo

Registered User
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90
i am knocking a lump sum off the mortgage which will reduce term by 5 years. i got a bog standard hibernian mortgage protection policy to cover amount and original term. now, given that my new term and outstanding amount will be reduced can i break this policy and get a policy which is quoted to me online at monitum.com for €60 cheaper per year?? is it possible to do this or am i locked in to hibernian for original term?
 
You can cancel one policy and replace it with another. Make sure the replacement is in place first.
 
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