Loans and PPI for part-time workers

Emmabel

Hi there

My husband and I are looking to take out a loan some time next year to pay for a family holiday to Disney World in Florida. We have looked at our finances and can afford the estimated loan repayments. However, I am keen to get a stand alone payment protection policy. My husband works full-time and I work part-time. Most loans and insurance policies ask that you be in full-time employment so it looks as though the loan will have to be in his name. However, if I was made redundant from my job this would cause huge problems for the family finances. How do I go about making sure that we are both covered in case of sickness, unemployment or redundancy?

I'd appreciate some advice.

Thanks.

CLAPTON

Much better to save up for the holiday and dont go into debt.

If you really want to take out insurance then google 'ASU Insurance (accident sickness and unemployment) and see what comes up. Bear in mind that they have a pretty poor record of paying out and read the small print very closely)