How would unemployment insurance help me?
This unemployment insurance protects workers who want to safeguard their income or their mortgage payment in the event of accident, sickness or unemployment.
You might for example be unable to meet the repayments on your mortgage if you were to fall ill or had an accident so were unable to work. This unemployment protection insurance provides an important safety net against such circumstances.
Unemployment insurance works when you cannot work, so if your income dries up, the unemployment insurance steps in. Should you lose your income while covered by the unemployment insurance, it is there to help towards your monthly outgoings for a period or until you return to work.
With this unemployment insurance you cover the amount of all your monthly mortgage outgoings up to 50% of your gross monthly income up to a maximum of £2000 per month, or for income protection you can cover up to 60% of your net monthly income also up to £2000 per month.