Are you protected by redundancy cover?
- 26TH SEPTEMBER 2007
While things might be going well for you right now the future is always uncertain and this means that if you were to lose your job you could be left seriously struggling to meet your essential outgoings and this could then lead to a downward spiral to debt problems. While you can’t predict the future you can at least do something to ensure that if the unexpected were to happen you wouldn’t be left floundering and that is to take out redundancy cover.
Redundancy cover will pay out a fixed tax free lump sum of money each month which enables you to carry on repaying your essential bills if you were to lose your job. Payment protection can be taken out to guard against just coming out of work due to redundancy, for accident and sickness only or to guard against accident, sickness and unemployment together.
However as with all redundancy cover policies there are exclusions and these have to be considered very carefully to ensure that you would be able to make a successful claim if you should be unfortunate enough to lose your job through unforeseen redundancy.
The best way to take out redundancy cover is to go with an independent ethical standalone specialist in payment protection. A specialist can not only give you the best advice regarding the many exclusions within a policy but also give it in plain English so it is easy to understand the key facts within the policy.
Specialist provider British Insurance can save you up to 80% on loan payment and income protection and 40% on mortgage payment protection and are considered to be the good guys in the sector thanks to Managing Director, Simon Burgess who campaigns endlessly for the rights of better treatment for the consumer. Simon insists that you have to shop around for the cover and get several quotes from standalone providers to ensure you get the cheapest premiums and best advice.
