QuoteMe4.co.uk Blog

Considering protecting your income or mortgage should you be made unemployed?

You could be forgiven for thinking when comparing two policies one covering unemployment and another covering redundancy they cover the same thing.

But they don’t the terminology used for the cover should be read carefully along with any description of the terms offered within a policy.

A policy covering redundancy would NOT trigger a valid payable claim should your employer end your contract of employment unless you were involuntarily made redundant. Where as a policy covering unemployment would pay if you were made  involuntarily redundant or if your employer ended your contract of employment through not fault of yours.

Therefore a policy offering unemployment insurance offers a higher level of protection than a policy covering redundancy.

Go to our main website to compare over 35 income protection policy quotes www.quoteme4.co.uk

Tags: Income Protection, Payment Protection Insurance, Redundancy insurance, Unemployment insurance

This entry was posted on Friday, May 14th, 2010 at 3:59 pm and is filed under Income Protection, Redundancy insurance. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.