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Unemployment cover expensive

evab_2
evab_2 Posts: 2,336 Forumite
in Insurance & life assurance
Hi all,
I'm currently reviewing all my outgoings and one is the Unemployment cover that we took out in Sept 2006 due to my husbands job not entirely risk free.

The premium for the cover is £43.25 pm for a benefit of £961.18.

Do you think this is a high figure? The policy is with AXA Insurance.

Any advice most welcome

Thanks

Comments

  • ohmsoft
    ohmsoft Posts: 280 Forumite
    Hi

    I pay £23 for £870 with 60 days excess (2yr cover) - it's always worth shopping around to see if you can find cover cheaper but when doing so bear in mind with a new insurer you will be unlikley to be covered for the first 6 months.

    With these policies (like most) it really does depent on the terms attached.
  • regularsaver1
    regularsaver1 Posts: 4,930 Forumite
    It depends on when the policy kicks in?
  • dunstonh
    dunstonh Posts: 121,288 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    60 day excess would be cheaper than 30 or 45 day.

    Also, not all ASU policies are the same. Some can almost be worthless whilst others can be more comprehensive.
    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.
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