Unemployment cover is a short term income protection policy providing cover for up to 12 months should you be out of work to being made involuntarily redundant, becoming ill and too sick to work or being injured and unable to work.
You will receive a fixed monthly amount which can be used to help cover monthly outgoings such as mortgage payments, loan and credit card payments.
Having unemployment cover will provide a financial safety net through a very stressful period. It gives you a way to help protect you and your family’s lifestyle while you spend time looking for another job, recuperating after an injury or resting if you are sick.
Unemployment cover will also provide an income if you have to give up work to look after a relative full time.