Peace of mind with a redundancy insurance policy
Many thousands of people are made redundant in any given month in the UK these days, and the pressures of trying to cope with a sudden loss of income can be immense. In a very short space of time, they have to come to terms with the fact that no money will be coming in yet the bills will continue to arrive.
If you are fortunate enough to have plenty of savings, you will already be prepared for such an event, but if like most people you don’t then you could be looking at weeks and months of struggle. Thankfully, there is an alternative, and it’s one that won’t cost you an arm and a leg.
A redundancy insurance policy through Insured Right will bring you the peace of mind that comes from knowing that you and your family are protected against an uncertain future. For just a few pounds a month, you can rest assured that you won’t have immediate financial worries should you be made redundant.
Unlike other policies such as mortgage cover and building & contents insurance, redundancy cover is only applicable to those who lose their job through a non-voluntary redundancy. Please note it won’t cover you if you are dismissed because of misconduct or if you decide to leave the job yourself.
Speak to our team about a policy that fits your criteria
With most providers, there are other qualifications that have to be met. This type of cover may not be available if you are above a certain age, or if you work on a part-time basis. In many instances, you also won’t be eligible if you have been in your current role for a short period of time. As always, the team at Insured Right will be able to explain the finer details of each policy.
It should be noted that redundancy insurance only covers you for the loss of your job under the relevant circumstances. If you fall ill and are unable to work, a redundancy policy won’t be able to help you. If you would prefer to have this type of cover, income protection would perhaps be a more appropriate product for you.
The economic situation over the last few years has led to a great deal of uncertainty in the job market, and the threat of an enforced redundancy is a very real one for millions of workers in the UK. If you think you would struggle with the household budget after the sudden loss of a job, a redundancy insurance policy could be just what you need for peace of mind.
The specialists at Insured Right know the market inside out, and are perfectly placed to match you with a policy that fits all your requirements from the start. To find out more, call 01382 279 087 for a friendly, no obligation chat with those in the know. We hope you’ll be in touch soon.