Redundancy Insurance Cover

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Redundancy Insurance Cover

Redundancy Protection policies arranged by UKinsuranceNET are available to both the employed and the self employed. We are able to provide policies for people who want to protect their mortgage or other payments in the event of redundancy and other forms of unemployment.. If you have no mortgage (or a very small one) but still want to protect yourself from being made redundant this is no problem to us. You must be working at least 16 hours per week before you can apply for Redundancy Protection Insurance.

All forms of unemployment are covered - the most common being redundancy. Unemployment however does not just mean redundancy. It could be that your company relocates to a different location, and you don't want to move, or your employer feels you are missing targets or your work is not up to scratch. In these cases many policies will not pay out - however policies arranged by us usually will. In very simple terms, as long as it is considered that did not make yourself unemployed, you are covered.

However if you are dismissed because of gross misconduct, it is unlikely you would be able to claim.

Insurers will not allow claims for redundancy and unemployment to be made in what is known as the exclusion period. This is usually the first 90 days. If a policy is bought to protect a new mortgage, the insurance provider will normally waive the exclusion period. This exclusion period exists to prevent people who are already aware of immediate redundancy applying for unemployment insurance.

To make a claim you must be registered as unemployed with the Department of Work and Pensions.

UKinsuranceNET offer Redundancy Insurance from a wide range of underwriters.

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.