We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Redundancy Insurance

My husband has a cover with our mortgage people that means in the result of redundancy, after 3 months they will take over the payment of the mortgage. He pays for this facility and it is available for him as he is down as the owner of the house.

However, I am not down on the mortgage papers (we got together after he bought the house) and am therefore not covered. Does anyone know of a similar insurance that I can take out that would do the same thing if something happend to my job?

Comments

  • ACG
    ACG Posts: 24,953 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Unemployment cover has gone up in price recently... no prizes for guessing why :P
    I dont know many people that sell unemployment cover really, but i think you may struggle if you dont pay rent or a mortgage.

    Ive just had a quick look on google as its probably an idea that i read up on it myself, but take a look at:
    http://mooso.co.uk/
    http://britishinsurance.com

    Are you in a job that has a likely hood of you being made redundant?
    You could also do a search for ASU (Accident, Sickness, Unemployment) cover, but it has limits it will only pay out for 12 or 24 months max.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • ldavis_2
    ldavis_2 Posts: 14 Forumite
    I would hope that my job is not under threat but nowadays you do not know and I would prefer to be covered, just in case. I will review the two websites you have recommended and see what I can arrange.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.4K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.4K Spending & Discounts
  • 247.3K Work, Benefits & Business
  • 604K Mortgages, Homes & Bills
  • 178.4K Life & Family
  • 261.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.