Payment Protection Redundancy

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Payment Protection Redundancy

Payment protection is taken out against the payment of a specific debt. It is designed to cover repayments in the event that the borrower loses income due to redundancy, illness or accident.

Policies usually pay out after a period of deferment, normally of one, three or six months and then pay out for up to a year if you are still unable to work.

The policies that lenders offer you are almost certainly not good value for money and there has been a lot of concern recently that institutions such as these have been mis-selling such policies. But if you are concerned about keeping debt payments and want a safeguard, you can purchase a stand-alone Redundancy Protection policy that will cover your debt repayments should you be unable to work.

The best place to obtain such Redundancy Insurance Cover is from an independent insurance broker such as UKinsuranceNET. We can offer policies from a large number of the UK's biggest underwriters and we have delegated status that allows us to tailor our policies to your own specific needs

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 0845 365 1264 or fill out our online quote request form and one of our advisors will contact you.