Accident and Sickness Unemployment insurance is about providing financial assurance in the case that you become unemployed via redundancy or illness. It’s a safeguard for people who would like financial protection if the case they lose their job for whatever reason. The insurance will then provide a monthly payment until either you recover from the accident/illness or you find another job. However there are limits to how long the payments will continue and policies do vary greatly.
With some policies, the ASU insurance policy will cover hospital bills as well as other major expenses while you are sick. That means credit card bills, loan repayments and more. If you have a lot of outstanding debt, that kind of coverage may be a good idea and it leaves your family well protected while you recuperate. Other ASU coverage might only cover hospital bills until you can resume work and some forms of this insurance might have time limits or total expenditure limits.
Like most forms of insurance you can find online insurance comparison tools which deal specifically with Accident and Sickness Unemployment Insurance. Also you can use an insurance agent to help you find the best insurance for your requirements. The insurance agent will take a small commission for the service, but sometimes it’s worth it if you want to be absolutely certain that you are covered. In many cases you can find professionals who won’t even charge you because they receive a commission from the insurance companies.The insurance brokers will be familiar with all of the ins and outs of the insurance providers so can also save you a lot of time by finding the right provider quickly.So if you want to have peace of mind in your families financial circumstances this form of insurance is one of the best moves you can make!