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Redundancy cover not likely when job certainty dented in a company

Redundancy cover not likely when job certainty dented in a company

Redundancy cover is a great way to get peace of mind that there will be some cashflow when you have been made redundant. It can cover you for six months worth of mortgage repayments. However the actual trick is to have this in place before job losses are known about.

Whats the catch? If job losses are known about in the industry or company, cover might will likely not be possible. There is also a stand down period of six months when you first take the cover.

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