Redundancy Insurance - The Letting Site.co.uk
Redundancy cover, which is also known as redundancy insurance, can help you protect either your salary or mortgage repayments if you lose your job due to redundancy.
In other words, there are two types of Redundancy cover, comprising Mortgage Protection insurance and Salary Protection insurance. Either way, both help you to meet your financial commitments, through regular payments under the terms of your Redundancy cover.
TheLettingSite.co.uk has partnered with Eva Financial to offer it's customers the highest possible cover available in this uncertain financial period.
£1000 of cover is approximatley £ 35 per month. Not alot of money when you are working but imagine this extra income if you were out of work. This could mean the difference between keeping you in your home until you found another job and keeping your credit file clean, or being repossessed and having to approach the local authority to be re-housed.
Redundancies are definitely on the up and it seems not to be just in one sector. In this current 'credit crunch' every sector is at risk. Is there a safe job anymore? I don't think so.
Did you know that the local authority will provide no help at all unless you meet the qualifying standards:
- Proof that you are homeless (court papers etc)
- That you were not in arrears prior to being made redundant (unless there are special circumstances)
- Must have children or a disability
- Must live in the borough 6 out of the last 12 months, 3 out of the last 5 years or have a close relative in the borough for at least 5 years.
Case study Eva Financial - Alex Francois 22nd July 2008
I offered Mrs Campbell-Ewing redundancy insurance whilst I completed her remortgage. She considered herself low risk as she worked for a high street bank but took the cover as I was able to offer it to her free for 6 months.
At Eva Financial we managed to cover her for just under £ 900 per month with a monthly premium of £ 33.99. However because it was free for 6 months, this was equivalent to a monthly cost of £ 17.00 per month.
In November 2008 she was served notice of redundancy by her employer. Even though she was still in her 'free period' the insurer accepted her claim and she is now receiving just under £ 900 per month covering her mortgage outgoings.
Eva Financial Ltd only work with companies that are able to offer the highest Defaqto rating of at least 5 to its customers, offering the finest cover possible.
A Defaqto Star Rating lets you know the quality of your financial product, from an independent source. The Defaqto Star Rating system attests to the quality of products, based on a series of scoring bands.
The boundaries of Star Rating bands have been set by Defaqto using our extensive knowledge of products in the market, the relative worth of each feature to the customer, and current and future market developments.
What does a Defaqto Star Rating mean to me as a consumer?
When you see a Defaqto 5 Star Rating logo, you can be sure that the product offers a wide range of benefits compared to most policies, rather than just being better for one or two elements of cover.
For a quotation on redundancy insurance or any type of property insurance please fill in the form below and one of Eva Financials brokers will be in touch shortly.
Alternatively you could call them quoting TheLettingSite.co.uk on 0208 304 0755