Guaranteed Redundancy Insurance - Protection From Premium Increases

With claims on the rise protecting your income from job loss with redundancy insurance is more important than ever. The cost of redundancy cover is on the rise and providers are withdrawing from the market. How can you secure the cover you need if the insurance company can make changes to your disadvantage?

With more of us concerned about redundancy and looking at protection we can sometimes focus on initial exclusion periods and buy whichever provider has the shortest. This does make sense as no one wants to pay for cover that is not providing the protection you need.

However price and initial exclusion should not be the only key purchasing influences when buying cover.

With claims on the increase you should consider providers not just because they are cheap but look deeper and ask yourself why are they cheap? Is a price rise due?

If you insure yourself with a provider with a market leading short initial exclusion and they accept anyone don't be surprised when they bump premiums. It's to be expected in a market with rising claims where they have insured the highest risks.

In past month I have seen providers pass on increases of 200% and more in premiums.

With stable employment you could consider switching your cover to an alternative provider without having to endure another initial exclusion. However some poor souls will be left with no choice either pay the additional premium or forget having protection altogether, because of the industry they work is high risk or changes in their employment means they might be at risk from redundancy and cannot get cover elsewhere.

With the temporary nature of unemployment insurance, where providers may alter your premiums or transfer your cover to another provider, reduce your cover or increase the excess does it not make perfect sense to consider cover that is fixed, that does not change and there are no unexpected detrimental changes made to your policy. With fixed cover there are no nasty surprises the premium is guaranteed and does not change and the cover terms cannot be altered to suit the insurer so you won't get the cover pulled away at a time when you need to rely on it.

QuoteMe4.co.uk are income protection specialist. We offer a market leading online quotation system where you may easily compare unemployment options, consider quotes from providers where you may transfer your existing cover, and easily see which providers offer guaranteed premiums.

With the option to cover up to £4,166 per month why not get a quote online and secure the protection you need to cover your income or mortgage from accident sickness or unemployment.


Contact Details

Company Name: Quoteme4
Issued By: John Garcia
Phone: 01872 277922
Address: 186 Treffry Road, Truro
City: N/A
State: N/A
Zip: TR1 1UF
Country: United States
Website: Visit the website

Keywords : Redundancy Insurance, Insurance, Protection From Premium Increases,

by John Garcia (few years ago!)

Latest Press Releases

Global Molybdenum Powder Market by Manufacturers, Countries, Type and Application, Forecast t..

Hypercholesterolemia Market Professional Survey Report 2023 Emerging Opportunities

Digital Forest Interactive Offers Three Bespoke SEO Plans

Through Hole Resistor Market : Growth, Demand and Key Players to 2027

Don’t Miss These Aspects Of Hiring Home And Bedroom Cleaning Services

Global LED Obstruct Lighting Market by Manufacturers, Countries, Type and Application, Foreca..

Fosfomycin Calcium Market 2023 Trends, Challenges and Growth Drivers Analysis

Software Defined Video Networking Market Volume Analysis, Segments, Value Share and Key Trend..

Stages an animated video goes through before it gets life

Buy Prescription Drugs From The Best Online Drug Store In Canada

Remove this press release ?

Due to extra work required to remove the press-releases we have started charging $1.99 for press release removal.

Your press release will be removed in 24 hours, once the payment has been received.

Search Press Release
e.g. Business, Computer, etc.