One of the most wanted financial products in the United Kingdom today is the unemployment insurance. Given the current financial climate which envelops the world right now, unemployment is very rampant everyday hundreds of people lose their jobs and thousands also resort to taking out their own unemployment insurance. One aspect of unemployment insurance which consumers usually clamour for is mortgage protection.

Protecting your mortgage dues by means of unemployment insurance is the best way to go because it is like hitting two birds with one stone. You get the chance to receive regular payments to help you deal with your expenses while at the same time, you are assured that you can still go on with your life without having to worry about how you can manage to pay for your mortgage dues in time of your unemployment.

These situations are not good and it had led prospective insurance buyers to lose this trust in this type of cover. On the contrary, there are still some things you can do to minimize and even put an end to these types of issues. To be able to look for the most appropriate type of unemployment insurance out there, you must know what to look for and the common exclusions which may affect how you claim for your insurance benefits. Some usually unemployment insurance cover exclusions are as follows:

You may not be able to claim for your insurance benefits if you are not a permanent resident of the United Kingdom. Foreigners who work in the United Kingdom may be qualified for their insurance claims but it the details on this aspect may vary depending on your provider so you may opt to talk to your insurance agent about this. If you got fired from your job because inappropriate office behaviour, chances are, you are not eligible to claim for your insurance money. Voluntary redundancy also makes you excluded to claim for your insurance payments as well.

The sad thing is that most people do not see the dangers of the fraudulent selling of unemployment insurance and other types of similar financial products. Some may even just raise their brows on this matter thinking that they will never be victims of mis-sold unemployment insurance. A number of individuals think that they can still deal with their financial commitments even if they are victims of fraudulent insurance selling and even if they do not have insurance on the first place. Then again, they only realize that they can’t once the bigger problems arrive.

Be very aware of the timelines needed to claim for your insurance benefits. For example, some insurance providers will ask you to notify them in 30 days for your insurance benefits to be given to you. However, if you are not able to do this within their designated time frame, you might not be able to claim for your insurance money.

These are just some basic guidelines an individual should know regarding unemployment insurance. Once you know this basic stuff, you can be sure that you can prevent yourself from suffering from unemployment insurance mis-selling and you may prevent wasting all the money you’ve invested on this insurance.

Do you want to find out more about Unemployment Cover in UK?, then visit Geraldine Baker’s site at http://www.unemploymentcover.org.uk for your needs!