Insurance Against Redundancy

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Insurance Against Redundancy

We all like to think that we are safe in our jobs but no one can now say they are indispensable. Redundancies are very common these days. However you can guard against redundancy by taking out Redundancy Insurance.

Redundancy Cover - or ASU insurance as it is generally known as - is insurance taken out to cover your essential outgoings in case you should find yourself out of work due to accident, sickness or unemployment. Cover can be taken to guard against coming out of work through unemployment only, accident and sickness only or for all three.

If you have a mortgage or other loan (especially secured on property) you definitely need insurance. Even if you do not have mortgage or loan commitments you will almost certainly have other ongoing expenses e.g. credit cards, gas and electricity bills etc which must be paid.

With Redundancy Protection Insurance you would have the peace of mind that if you were out of work for 30 days or more then most policies would give you an income so that you could carry on meeting your essential monthly commitments. Most policies last for 12 months and with some providers for up to 24 months this gives you a good breathing space to get back to work and begin earning again.

Redundancy cover can be taken out in the form of income payment protection, mortgage payment protection or loan payment protection.

Of course waiting until it happens before thinking about how you would manage without Redundancy Protection is not a particularly smart thing to do. Have you considered how you would meet your financial commitments? Act now and take out Sickness and Redundancy Cover.

UKinsuranceNET Accident, Sickness & Redundancy Insurance policies can be tailored to suit your individual needs. Simply click for a quote. Alternatively speak to one of our highly experienced consultants today on 0844 875 55 33 or fill out our online quote request form and one of our advisors will contact you.