Take the advice of a standalone provider before buying unemployment insurance
- 23RD NOVEMBER 2007
Take the advice of a standalone provider before buying unemployment insurance
With unemployment insurance not being one of the easiest of products to understand and an ongoing investigation into the payment protection insurance (PPI) sector still underway it is essential that you take the advice and buy the cover from a standalone specialist in payment protection.
While there are many specialists to be found online if you search long enough one of the very best is British Insurance. They offer unemployment insurance products which have won awards and which are backed up by years’ of experience in the field of payment protection so you can be sure you have the best advice possible when it comes to taking out the cover.
Some of the main problems with the sector which has led to mis-selling have been the high cost that has been associated with the premiums of the cover; the lack of information regarding the exclusions; and, whether the policy is suitable for the consumers needs. British Insurance have covered all these problems and have always done because they are one of the most ethical providers to be found. They offer policies which can save you up to 40% on mortgage unemployment insurance and 80% on loan unemployment insurance.
Along with offering the cheapest quotes possible for unemployment insurance they also give the consumer the chance to decide for themselves if the policy of their choice is a suitable one by giving them the information and key facts regarding the policy. Exclusions which could mean you would not be eligible to claim include those in part time work, have an ongoing illness, are retired or self-employed and British Insurance make sure you understand these along with any other exclusions by giving you the information in plain English.
Unemployment cover taken from ethical British Insurance would start to payout if you were to become unemployed after the 3oth day and then continue giving you a tax free income for up to 12 months, other providers might ask that you are out of work for anything up to 90 days and continue for up to 24 months so check the small print. The money can be used to continue repaying your loan and credit card repayments, mortgage repayments or your general outgoings which can save you getting into debt or arrears and losing your home.
