FAQs?
Important Note:
It is your responsibility to ensure that the unemployment Cover is suitable to meet your needs. Accordingly, it is very important that you carefully read and understand both these frequently asked questions and the Policy Wording, to enable you to make an informed decision before you make an application.
What does it cover?
The insurance can cover up to £2500pm. You do not need a mortgage, loan or credit card and can be applied for up to 90% of you gross income.
What is the initial exclusion period ?
This is the initial period of the policy of which no claim can be made. Days start from 60 dyas depending on the insuer chosen. After the initial exclusion period has expired then you can claim on your insurance as son as you are made redundant.
What does excess period mean ?
This referes to the time you have to wait for your benefit to be paid after a claim has been made. Excess periods start from 0 days up to 120 days. As the period of time increases the premium payable decreases.
How do I make a claim?
You make a claim by contacting the insurer direct.
Can I be self employed and take a policy out ?
Yes you can although the company has to go into liquidation in order for the policy to pay out.