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My Unemployment protection just gone up 200%
Bluefusion
Posts: 106 Forumite
I had unemployment insurance with Paymentshield to cover the mortgage and some other bills for peace of mind. I took this policy out 4 months ago and it costs me £18.00 per month. I have just had a letter today saying due to the current client they are changing my plan to £37 per month!!!!!
Is my only choice to shop around again, if so any recommendations?
Thanks
J
Is my only choice to shop around again, if so any recommendations?
Thanks
J
0
Comments
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A few have already upped their premiums and others are looking like they will do the same. Basically the risks have gone up so the premiums have gone up.
you could find yourself moving, (and having to wait 3-6 months to qualify for unemployment cover again) only to find the new one goes up.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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