I'm buying my first house and since I'm single I'm a bit worried about what would happen should I lose my job for any reason. I've got a pretty good sickness policy which would cover my payments for all but the most longterm illnesses so that doesn't particularly worry me.

I'm in my third year of employment with my company but I work on fixed term 12 month contracts. Does anyone know if this will make it a problem to get unemployment cover?

I had to get a mortgage protection policy to cover redundancy as well as for sickness cover as I am on short term contracts (2 years at a time with no chance of renewal). The guy who gave me financial advice arranged it for me and helped me pick the right policy to cover every eventuality...its not cheap (around £45 per month for all cover including redundancy/sickness/death) but it does bring peace of mind and I would not have been able to get a mortgage without it.
(Financial adviser is one of the partners at simplicity financial if you wanted to talk to them!)

Hi joeyannie
I'm looking for some cover, can you post / pm, details of the company you mention :thumbsup:

I've spoken to an independant advisor about this and they've said that I could probably get the cover without any problem but they think that the insurance companies would refuse to pay if I ever tried to claim! That's fraud isn't it?

They are looking into it for me to see if they can get assurances from various insurance companies that I'd be able to claim but they weren't optimistic.

I guess I better never lose my job at all for the next 30 years...

Hi expitlad,
the financial advisor I used when arranging my first mortgage and mortgage protection insurance was Rob Downham at Simplicity Financial.
I explained my work situation and he found me a policy that enabled me to get the mortgage in the first place (lots of place make it harder for those on known short term contracts so having someone who knew what they were talking about was invaluable for me).
they have a website (http://www.simplicityfinancial.com/) and I found them extremely helpful.
hope this helps!

As for not paying out for claims...as long as you were honest when taking out the policy (about illnesses in your family, smoking etc) and have checked the cover is correct for your situation (in terms of work, contracts and what you need cover for) I don't see that they could refuse to pay in a claimable situation (long term illness/accident preventing return to work etc) but I will be double checking my policy tonight just in case!