Is unemployment insurance worth the cost?
- 31ST OCTOBER 2007
Unemployment insurance most definitely can be worth the cost of the premium providing that you have checked the policy and know that the exclusions wouldn’t mean you would be ineligible to make a claim against it should you need to.
Some of the most common reasons which can stop you from claiming and which would mean a policy wouldn’t be suitable for your circumstances include if you only work part time, are retired, self-employed or if you suffer from a pre-existing medical condition at the time of taking out the protection. These are just the common reasons and it is essential that you check the small print before buying a policy.
British Insurance are a leading specialist in payment protection and offer unemployment insurance which would start to give you a tax free income from the 31st day of being out of work and would then carry on up to 12 months, other specialist providers can vary up to 90 days and could payout for up to 24 months.
British Insurance are one of the cheapest and most ethical providers and offer award winning policies that can protect your mortgage against unemployment by giving you the money each month to ensure that you aren’t at risk of losing the roof over your head. Loan payment protection is available so that you could carry on paying your monthly loan repayments and income cover to insure up to a certain amount of your monthly income so that you could continue paying your essential outgoings each month.
British Insurance is headed by Simon Burgess who stresses how important it is to shop around for the cover and to check out the key facts and small print because this is where the exclusions are usually hidden, all specialists should be ethical enough to make sure that you have clear access to these so that you can ensure that unemployment insurance would be suitable for your circumstances.
