Guard Against The Financial Stresses Of Redundancy By Taking Out
Redundancy Cover

Guard Against The Financial Stresses Of Redundancy By Taking Out Redundancy Cover



Guard Against the​ Financial Stresses Of Redundancy By Taking Out Redundancy Cover
While we all like to​ think that our job is​ safe,​ in​ reality no one can now say they are indispensable and redundancies are occurring more and more often .​
You can however guard against the​ fact that redundancy could happen to​ you​ by taking out redundancy cover.
Redundancy cover - or​ ASU insurance as​ it​ is​ commonly sold under - is​ a​ type of​ 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​ were made redundant and have such as​ loan repayments or​ a​ mortgage and other essential outgoings then you​ could be left struggling and any redundancy money you​ might have acquired would be quickly depleted .​
However with redundancy cover you​ would have the​ peace of​ mind that if​ you​ were out of​ work for 30 days or​ more than most redundancy cover policies would give you​ an​ income with which to​ carry on​ repaying your essential monthly commitments .​
The majority of​ policies last for 12 months and with some providers for up to​ 24 months and this is​ more than enough time for you​ to​ get back on​ your feet and back to​ work.
Redundancy cover can be taken out in​ the​ form of​ income payment protection,​ mortgage payment protection or​ loan payment protection insurance All policies do however have exclusions within them that mean you​ might not be able to​ make a​ claim so always read the​ small print of​ a​ policy before purchasing the​ cover .​
The best way to​ get redundancy cover is​ to​ shop around for the​ cheapest quote and providing a​ policy meets your needs,​ it​ can be an​ invaluable safety net on​ which to​ fall.




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