Unemployment Insurance Worth it?

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  Hypnodisc Posts: 22,728

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  11/02/09 - 19:44 #2

  angella wrote: »

  I was thinking about taking out unemployment insurance.My job is safe (atm) but my industry isn't.
  
  I wonder if with the spate of redundancies if anyone has had experience with these types of insurances?Or can recommend good companies or policies to look at?
  
  Any replies gratefully received:)

  
  I've personally never heard of these :eek:

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  [Deleted User] Posts: 307

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  11/02/09 - 19:51 #3

  We took out a similar scheme some years ago..... can't recall the details 'cos it was done along with getting a mortgage and 'im Indoors did all that but it was worth it.
  
  The following year I was made redundant and it did help towards paying the mortgage whilst I hunted for another job.
  
  Got another job and then 7 years later I was made redundant again and once more the "protection" insurance was a Godsend.
  
  We have our mortgage via Abbey and they helped set it up. If you have a mortgage, speak to your lender if not I'm sure someone will be along who is more clued up than me on these things and can advise a reliable company.
  In this current climate, I'd recommend it.

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