Thanks for your input Paid.
When i went to the bank for the loan,they said you'll have to take out this insurance in order to get this loan. {Which was not true}
Then after 3 years,i had ten grand left to pay [after paying back 20 grand} when work went tits up and i fell behind on my repayments.I went back to the bank and explained my situation.
I said,works gone slack,can you get my insurance to take over for a while. No they said,your not insured if you fall into arrears.
What do you make of that?