Shop around for your unemployment insurance quote
- 29TH SEPTEMBER 2007
Unemployment insurance can be a great asset to have when it comes to guarding against the fact that you could lose your job and your income. If this were to happen you could be left struggling to repay your essential outgoings and if you have a mortgage then it could mean that you are putting the roof over your head at risk. The key to getting the best cover for you is to shop around for an unemployment insurance quote.
An unemployment insurance quote can be obtained in the form of mortgage payment protection, income protection and loan payment protection insurance and can give great peace of mind that you wouldn’t be left struggling to find the money as the protection would give you a tax free monthly income each month.
There are certain requirements that could stop you from claiming on a policy and so care should be taken when getting an unemployment insurance quote to ensure that you would be fully eligible to claim.
Should you become unemployed, the cover will start to pay out after you have been out of work form anywhere between 30-90 days, depending on the cover. It will pay for up to 12 months and some insurers offer policies that pay out for up to 24 months.
Payment protection has earned a bad name following various investigations over the last few years’ by the Citizens Advice; the Financial Services Authority (FSA) and the Office of Fair Trading (OFT).
The Financial Services Authority handed out fines to several well known high street names earlier this year and the OFT referred the sector to the Competition Commission. Their review is expected to conclude in early 2009. It is the high street lender that has been pinpointed as the perpetrator against the consumer with reports of massive mis-selling as opposed to the standalone provider. Therefore it is the standalone provider is where you should go for your unemployment insurance quote.
One standalone and ethical payment protection specialist is British Insurance. Their products have earned them many awards as well as being regular fixtures in the ‘Best Buy’ tables. If you want the peace of mind that unemployment cover can bring then visit British Insurance for the cheapest unemployment insurance quote for your financial security.
