New Mortgage Product Offers A Financial Lifeline To Ease Unemployment Worries.

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) December 10, 2009 -- “If you can keep your unemployment insurance when all those around you are losing theirs...”

Apologies to Rudyard Kipling, but it seems so appropriate given the changes that are taking place in the insurance underwriting market place as the UK wallows about in the seemingly unending recession.

With unemployment rising, home repossessions a common occurrence and the cost of living still showing little significant downturn from the heights of previous years, the pressure on home owners to keep up to date with their mortgage repayments has never been greater.

http://www.home-contentsinsurance.co.uk have introduced a “call you back” facility that anyone worried about how to make their mortgage payments if they became unemployed, through no fault of their own, can use to get a quote for stand alone unemployment cover.
Stand alone cover simply means that the unemployment insurance can be taken to cover unemployment on its own without the need to have accident and sickness cover attached.

Some insurance companies have greatly increased their premiums for stand alone cover, while others have completely withdrawn the facility, making it a requirement to have the additional cover of accident and sickness on the policy before they will entertain the application. This second approach is simply a way of subsidising the more likely current risk of unemployment due to economic recession by paying the extra premiums to cover the less likely outcome of becoming unemployed due to an accident or illness.

Its an actuarial solution to help solve the problem the insurance companies face, but doesn't do much to solve the problem the home owner faces.

The new stand alone product is the brainchild of Select and Protect Insurance based in Southend and a quote can be obtained by going to http://www.home-contentsinsurance.co.uk and filling in the brief email form to request a call back and quote.

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