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When There’s No Room for a “Dry Spell”
The effect of job loss on your credit rating can be devastating. Involuntary Unemployment Insurance provides predetermined monthly payments for a specified time period.
It’s a phrase we’ve likely all heard by now, and one which has troubled many working class families over the past few years. The truth of the matter is that the economy is down and that unemployment poses a serious threat for the average household. After all, how would your family fare if faced with a few months without income?
For those who don’t want to find out, top warranty companies have devised a set of protection plans, known as “Personal Safeguard Warranties.”
In essence, involuntary unemployment insurance is just what it sounds like: a program which protects individuals from the effects of involuntary unemployment. For those covered, this translates into a predetermined set of payments for a set period of time. This money—which varies based on the specifics of a purchased plan—can go a long way in helping weather difficult times.
Because these payments will come at a crucial point in your life, we recommend researching available options thoroughly to avoid partnering with an untrustworthy company. For us, this tends to lead us back to familiar names like The Warranty Group (which have been around for nearly 50 years).