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Unemployment insurance, as the name suggests is an insurance that pays the claimant if they get made redundant.
This type of insurance is commonly known as “General Insurance”, (as opposed to long term life or health insurance).

This means that this type of insurance is generally renewable and/or reviewable, often on a monthly basis or annual basis, and can therefore be withdrawn by the insurer if economic conditions turn against them.
In practice the policyholder is usually not aware that a review has taken place as there is no change to the terms of the plan, but it is the ability to be able to increase the cost, reduce the benefits, or in some cases withdraw the cover altogether that makes Unemployment cover the least robust of all the covers available here.
Reviews are most likely during periods of rising unemployment levels generally and during an economic downturn. Reviews that affect just one policyholder are very unlikely.
Unemployment cover has and does provide many mortgage holders with valuable protection against involuntary unemployment.
It is important to read the terms and conditions to ensure that you are not excluded from cover, in particular,
There are many terms and conditions with this type of insurance. You need to be sure it suits your circumstances.





