Secure rates in case of job loss
Protect your financial commitments in the event of involuntary unemployment with nextsure's payment protection. ✓ Digital ✓ Transparent ✓ Reliable.
Financial Stability
Loan instalments secured
Live worry-free
Employment Insurance Against Unemployment: Definition and Key Benefits for Your Security
Accepts Installment Payments
Protects against over-indebtedness
Provides financial respite
Individually customizable
Who would particularly benefit from unemployment protection insurance?
A redundancy protection against unemployment is an important safeguard for anyone who must meet regular financial commitments such as loan repayments, lease fees, or rent. This protection is particularly recommended for main earners, families with children, or individuals with high ongoing costs whose financial stability would be jeopardized by an unforeseen job loss. It also offers valuable security for career starters, who often have not yet built up large financial buffers, as well as for self-employed individuals and freelancers whose income can be subject to greater fluctuations. nextsure analyzes your individual situation to configure the appropriate digital insurance coverage so that you can continue to meet your commitments worry-free even in the event of unemployment. Consider protecting your consumer loans, construction financing, or car leasing – the redundancy protection specifically addresses these areas.
Your safety in focus
Our payment protection services for you
Assumption of instalments
We cover your insured instalments in case of involuntary unemployment.
Credit protection
Secures ongoing loans, leases, and financings.
Digital Degree
Simple and quick online conclusion – anytime and anywhere.
Flexibility
Customisable tariffs for your individual needs and commitments.
Transparency
Clear contract terms and understandable service descriptions are our standard.
Expert Assistance
Expert advice supports you with all your questions.
Quick Help
Uncomplicated support and prompt service processing in case of emergency.
Existence Protection
Protects you from financial shortfalls and over-indebtedness.
Peace of mind
Enjoy a little more security for your future.
Transparent, digital, and reliably by your side.
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protect against unemployment!
Safeguard loans and ongoing payments: How payment protection works
Job loss protection functions as financial support when your income is affected by involuntary job loss. Once the insurance event occurs and any applicable waiting period has expired, the insurance covers the payment of your insured instalments for a contractually defined period, such as for a consumer loan, mortgage, or leasing agreements. The exact functioning and scope of coverage are detailed in your insurance contract. It is important that the unemployment must have occurred without fault on your part, and you must meet the requirements for receiving unemployment benefits. nextsure prioritises transparent conditions, ensuring you know exactly how your online insurance portal will act in a critical situation and the necessary steps to receive benefits quickly and easily. This protection mechanism helps you bridge financial gaps and avoid potential over-indebtedness.
Range of services in detail: What does unemployment protection cover?
The scope of benefits of a payment protection insurance in case of unemployment can vary depending on the policy and provider, but at its core, it aims to cover your ongoing installment payments for insured contracts. Typically, monthly installments for personal loans, car loans, property financing, or leasing agreements are covered up to an agreed amount and for a specific maximum duration. Some policies may also include additional obligations. At nextsure, we emphasise showing you clearly and understandably which benefits are included in your individual payment protection package. This includes the precise definition of the insured amount per month, the maximum benefit duration (e.g., 12 or 24 months), and under what conditions payments begin. When selecting, also pay attention to any waiting periods or deferred times before the coverage activates. Our digital insurance portal provides you with all the information needed to make an informed decision for your tailored digital insurance protection.
Waiting times, exclusions, conditions: The fine print on payment protection
As with any insurance, there are important contract details regarding unemployment protection that you should be aware of. These include, in particular, waiting periods, benefit exclusions, and specific conditions. A waiting period (also known as a grace period) describes the time after the contract is concluded during which there is no entitlement to benefits in the event of unemployment; typically, this is a few months. Benefit exclusions define scenarios in which the insurance does not pay, such as in cases of self-inflicted resignation, unemployment due to a pre-existing condition known at the time of signing, or fixed-term employment contracts whose expiration was foreseeable. It is essential to thoroughly examine these points before concluding a contract. nextsure stands for transparency and provides you with all contract terms clearly and understandably. Our experts are happy to advise you on these details so that you are comprehensively informed and your unemployment protection reliably applies when needed.
Choosing the Right Payment Protection Plan: Criteria and Comparison Tips
Choosing the right loan protection plan requires careful consideration of your individual needs and the offered terms. Important criteria include the amount of the insured instalment, the maximum benefit duration, the waiting period length, and the defined exclusions. Compare not only the price but most importantly the value for money. Consider which instalments (e.g. for loans, leasing) you want to cover in the event of unemployment and how long you would likely need financial support. nextsure as your digital insurance portal offers you the opportunity to compare various options transparently and to adapt the coverage to your life circumstances. Pay attention to flexible contract conditions and the reliability of the provider. Use our online calculator and expert advice to find a loan protection plan that offers you optimal security and performs reliably in case of emergency, without unnecessarily burdening your budget.
Occupational disability
Secure income
Dental supplement
Reduce costs
Cyber Protection
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Payment protection as a supplement to unemployment benefits: Double security
The state unemployment benefit (ALG I) provides essential basic security in the event of job loss, but often does not cover the previous net income. Generally, it amounts to about 60% (or 67% with a child) of the last net salary. This difference can quickly lead to financial shortfalls, especially with high ongoing costs such as loan repayments. This is where unemployment protection insurance comes in as a sensible supplement. It closes the gap left by unemployment benefits by taking over the insured instalment payments. This way, you maintain your standard of living and avoid having to dip into your savings or risk falling behind on payments during your job search. Therefore, unemployment protection is not a replacement, but a valuable extension of state benefits, offering you double security and financial planning ability in an uncertain phase. nextsure helps you tailor this supplement to your needs optimally.
Digital and transparent: Your path to loan protection with nextsure
At nextsure, we understand that you're looking for straightforward and transparent insurance solutions. That's why we offer you the option to complete your unemployment protection insurance entirely online. From gathering information and comparing tariffs to signing the contract, you can conveniently handle everything from the comfort of your home. Our online insurance portal is user-friendly and provides you with all the relevant information at a glance. You can calculate personalised offers and examine the conditions in detail. Should any questions arise, our expert advisors are available via chat, phone, or video consultation. We place the utmost importance on transparency in contract conditions and costs. With nextsure, you opt for modern, digital insurance coverage that not only provides security but also gives you easy and quick access to important protection solutions, fully in line with our mission as an insurtech company.
Protecting Rats in Practice: Case Studies and Customer Experiences
To make the benefits of loan protection in the event of unemployment more tangible, let's look at some anonymized case studies. The Müller family had just financed their house when Mr Müller unexpectedly lost his job in the automotive supply industry. Thanks to their loan protection, nextsure was able to cover the monthly mortgage payments for 12 months, relieving the family of financial pressure and allowing Mr Müller to calmly search for a new position. Another example is the young graphic designer Anna, who financed new work equipment with a consumer loan. When a major project fell through and she became temporarily unemployed, her loan protection kicked in and secured the loan repayments. These examples show how loan protection as a niche insurance can mitigate individual risks and safeguard livelihoods. Positive customer experiences confirm to us at nextsure that this digital insurance protection offers real added value in difficult phases of life.
Who can take out unemployment protection insurance?
A solid financial plan not only involves wealth accumulation but also protection against unforeseen risks. Loan protection in the event of unemployment is a crucial component of this proactive safeguarding strategy. In a dynamic job market, where career changes and economic fluctuations are becoming more frequent, it offers an additional safety net. It protects your assets, creditworthiness, and financial independence should you lose your job through no fault of your own. Considering it as part of your comprehensive protection—alongside, for example, income protection insurance or personal liability insurance—demonstrates foresight. nextsure supports you in identifying your individual risks and finding suitable, digital insurance solutions. Invest in your financial stability and view loan protection as a wise measure to secure your future and that of your family, enabling you to meet financial commitments such as consumer loans with peace of mind, even in the event of job loss.
