Look at a Glass Half Full - Payment Insurance Helps!
>> Thursday, April 22, 2010
A payment insurance allows you to be optimistic. When you are out of employment due to lay offs, accident or sickness, you don't need to brood over your financial problems. Here, we are focusing on involuntary unemployment.
Yes, the situation is grim when you are out of employment but you can still continue to have hope as you already have a protective insurance in place. This will allow you to have a better and secured life when you have problems at home.
Sample Late Payment Explanation Letter
You may not qualify for any compensation, if you are not a UK citizen. You may have quit your job voluntarily and may try to make a claim from the insurance company to pay for all your mortgage or other loan payments. This will not be accepted by the insurance company as you have left your job on your will.
No policy will cover you for your own actions. It is basically to protect you if you are in problem due to your employer or have been disabled due to some accident or sickness. Also, make a note that if you are on a sick leave and out of job and your company is still paying you salary as you have sick leaves pending, then you don't qualify.
How to Legally Wipe Out Late Payment History
You will qualify if you have exhausted those sick leaves and have no salary paid out. This protective policy will help you when you are in problem. You must be in employment for at least 6 months. Only then will the company pay out money for your loan installments and not other wise. If you can possibly protect your payments, take this wise step.
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