|
Getting insurance is one of the most important financial investments that you could do. Insurance is a form of security against risks. In the modern times, we are not only looking at water or fire damage. We are also looking at aspects such as sickness, handicap and unemployment. Losing the main source or only source of income can be highly disadvantageous and that is why insurance companies have accounted this risk in their policies. If you like planning ahead in the future, you might want to take advantage of unemployment coverage. The Unemployment Insurance is a form of protection for you if you happen to lose your job all of a sudden. There are many policies that also cover accident and illness as part of the coverage. Normally, these policies require a waiting period before anyone can make a claim. The period can last from 1 month to 1 year. The policy is cheaper when the waiting time is longer. If you think that you have a secure job and your health is in good condition, a cheaper policy might be good. However, if you want to make sure that you can use it at any time for the sake of security, then a higher premium might be advantageous. Just look at the cost and see if you can manage. The claim can only be made if you were let go by the company and you were unaware that that this could even happen at the time that you applied for policy. If you voluntarily left the job, the claim cannot be accepted. If you were let go due to your own misconduct, then the policy might be forfeited. Therefore, it pays to be a good and reliable employee since you have bigger chances that the claim will be given to you. If you choose this option, the benefits can last till up to a year but some companies offer until 24 months. After that, you might want to take advantage of other means, given that you still have not secured a job. Nowadays, getting the lowest cost for Unemployment Insurance is very easy. All you have to do is go online. There are independent insurance providers that can give a quote online. Some companies only require the age and the cost and then you can find the premium suitable for you. Some companies insist on offering accident and sickness coverage. Some do fall into the trap while they know that they have decent health insurance offered by the company. Understand your current insurance options and see to it that you do research before settling with the right one. Vijay K Shetty, Ezine Articles Expert Author.For more information: Unemployment Insurance
Get more information: Accident Sickness Unemployment
Related Articles -
mortgage payment protection insurance, redundancy protection insurance, loan protection insurance, income protection insurance,
|
