Acquiring your own unemployment insurance in the United Kingdom is both an exciting and difficult experience as well. It is exciting in a sense that scouting for the unemployment insurance which fits your needs may be interesting since you can see all the different types of insurance in the market today. On the other hand, this becomes difficult when you do not know what do to, you do not know what you are looking for, and you do not know a thing about the insurance you are about to take.
One form of insurance which may help you during these times is what we call the Accident, Sickness, and Unemployment Insurance or also popularly known as ASU. This type of insurance cover assures the policy holder that you can still receive a form of income through your insurance benefits if you cannot work or if you are off from work because reasons involving, accidents, unemployment, and sickness.
Have you heard of the term disqualification? Disqualification happens when you are identified as not capable or not qualified to receive your unemployment insurance benefits from your insurance provider. There are various means to get disqualified from your insurance claims. Some of which are as follows:
Once you are unable to work you may be able to claim for your state benefits, but these benefits may not be enough to help you manage all your financial commitments. On the other hand, accident, sickness, and unemployment insurance, is the best way to deal with these types of problems and to continuously maintain the kind of living you have even if you do not have a work.
This kind of insurance has different types of combinations. For example, you may have accident cover, sickness insurance, and unemployment cover alone but you may combine two of those even all three of them. Usually, with the ASU, you may be encounter a term called the waiting or the deferment period. This is the time frame you may have to wait for until such time you may receive your insurance benefits. Most of the time, you can have the choice to pick the length of deferment period you may want to attain. Some offer from 30 days and up to 3 months as their waiting period.
On the other hand, this waiting or deferment period may have a direct effect on your insurance premiums. Longer waiting periods may be cheaper and shorter waiting periods may have quite expensive insurance premiums.
You may be disqualified from receiving your insurance benefits if you got involved in some labour related conflicts and other causes which may be within your control (such as attending school, personal matters, and the likes).
If you really plan on getting this type of insurance, it is advised to discuss the benefits and the options you may get from accident, sickness, and unemployment insurance cover. Knowing the different options and coverage made available for policy holders may help you maximize this insurance for your own benefit.
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!