The outlook of employment these days is bleak because the times are harder these days compared to before. This is the day and age as well of modern technology wherein smart computers are being developed and improved that they are made capable of replacing human beings and doing the job that these humans used to do. In other words, you don’t have job security anymore. It is a thing of the past.

All of us would never want to experience those kinds of things right? On the other hand if you are prepared to and geared up for these kinds of situations, you will not be lefts struggling in the end. For some situations, people end up losing their houses, experiencing severe credit crunch and lots of financial problems once they are unemployed, but with the benefits of unemployment insurance, you do not have to worry about these things anymore.

For the information of most individuals, unemployment cover is basically an aspect of payment protection insurance. Usually, once you are able to process the claims procedures for your unemployment insurance, you are given around 30 to 90 days to wait before you can get your insurance cash claims. You will be receiving your cash benefits with the period set by your insurance company. Usually you may receive your insurance benefits for around 1 year and some providers would even extend up to 2 years.

In the United Kingdom, unemployed citizens are given some financial support but you have to go through a very harrowing process first. Secondly, the financial support you will get will not be enough to help you through all your financial responsibilities. And even if you have savings, without a job that pays, eventually you will start to see the money you have saved deplete.

But there is a way you can avoid being in a situation where you have to struggle to make ends meet. This is the very purpose of having unemployment insurance policy. It will offer you a way to secure your income in case you lose your work and offer you financial support to help pay off your financial responsibilities like your mortgage bill, your electric bill, your credit card bills and even your grocery bills.

Unemployment Insurance is also known as Accident, Sickness and Unemployment policy or ASU. With this, you can file for insurance claim and receive pay outs from your insurance provider for the following reasons: 1) if you’ve been made involuntarily redundant at your work 2) if you got really sick and you can’t work for awhile and 3) if you got involved in an accident and sustained injuries that also prohibits you from earning a living. In other words, you are entitled to insurance pay outs if your reason for unemployment fell under categories that are beyond your control.

You can use the money you will get from your insurance claim to pay off your financial obligations and even for your little pleasures in life because the money will be given to you directly so you can spend it anyway you please. You will be eligible for unemployment insurance claim for as long as the reason for your job loss is a reason beyond your control and not because you voluntarily resigned from your job or you were terminated because of misconduct. Wouldn’t it be great to know that in the event that the unfortunate unexpected happens you are ready?

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!