The 60 Second “Circle of Safety™”

A Online Newsletter for Friends of Southern Risk Services

“Protecting What Matters Most!

Be Ready For Action On
The Jobs Front

 

Having a job for life is so 20th Century. These days, most of us expect to change employment several times during our career lifetime. That's okay, as long as it's you who's pushing the job-switch button. But what if it's not?

The economic downturn has seen millions of people laid off, with just as many left wondering if they'll be next. It's a risk faced by pretty much everyone and, like all risks, it's insurable – at least to some degree.

While no one has yet come up with a workable umbrella (all-risks) private job loss insurance policy, there are lots of things you can do to protect yourself against the worst impacts of involuntary job loss.

For instance, mortgage and rental payments – usually the biggest regular monthly outgoing for most families – are protectable. Coverage may be via a lender, through a separate policy or perhaps even as an extension of a home insurance policy.

These days, car payments can also be covered, usually by the credit provider. So too can travel plans, with some travel insurance policies offering full or partial payment, cancellation refunds, or postponement credits.

If you're unfortunate enough to lose your job or want to be prepared just in case, here are some action tips:

·         Check out your state unemployment insurance scheme. Don't know where to start? See www.servicelocator.org/OWSLinks.asp

· When reviewing coverage options, consider:
- Eligibility requirements, like how long you've had a  job or if it covers the self-employed
- Is it full or partial payments coverage, free or fee?
- How long you must have held the policy before   being  told you lost your job
- How long you're unemployed before it pays out
- The duration of the policy – some are time-limited
- Required documentation and proof of job loss

·         Think about self-insurance for uncovered risks – set aside 10% of your salary

·         And, of course, talk to us. We can tell you exactly what sort of coverage is available for your needs.

Thanks for Reading!

Terry Young
President
Southern Risk Services
Phone: 1-877-222-UROK (8765)
www.southern riskservices.com

PS...For a FREE quote on YOUR Homeowners Policy click here...
http://youtersou0c.qa.insurancewebsitebuilder.com/category.aspx?id=QUOTE

PPS...For a FREE quote on YOUR Auto Policy click here...
http://youtersou0c.qa.insurancewebsitebuilder.com/category.aspx?id=QUOTE

PPPS...OR SIMPLE GIVE US A CALL....1-877-222-UROK (8765)

Posted 4:31 PM  View Comments

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