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Originally Posted by AquilaEagle,May 14 2005, 10:44 AM
It's the level of risk attached to occupation I guess Geoff
Dunno why unemployed would be higher risk than what you were before, that's down to actuary tables and stuff
Dunno why unemployed would be higher risk than what you were before, that's down to actuary tables and stuff
Keep in mind that when you renew, you will often have 15 days or so, from expiry of last years policy, depending on who your insurer is(check your documents - could be 7 days), as a "period of grace", during which time you can cancel your cover without penalty, even if you've already paid the premium.
It may be worth getting some fresh quotes from other insurers within this time period to see if you can get a better deal - i.e. other insurers may regard being unemployed as less significant.
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