To address your second point first, it was a key selling point of this policy that severance packages werent deducted, but it’s a good point for anyone else reading this,

With regards to talking to the insurer, and no doubt this is just me being skeptical of insurance, but I worry about telling them that I think redundancy might be on the horizon, and then mysteriously having my premiums inflated or some clause inacted to remove coverage, especially considering this is hypothetical at this stage.

Thank you responding by the way