Frequently asked questions about unemployment insurance

Frequently asked questions about unemployment insurance

Why do I need unemployment insurance?

Unemployment insurance is the perfect financial protection for employees. If you lose your job through no fault of your own, our insurance offer covers all important fixed vehicle costs such as loan or leasing installments, insurance as well as maintenance and service.

Is a mutual termination of the employment contract also insured?

No, only unemployment through no fault of your own is covered, i.e. termination by the employer, the employer becomes insolvent, mutual termination of the contract on the initiative of the employer, etc. Further details can be found in the conditions: To the AVBs

What does grace period mean?

The waiting period is the period of time between the insured event and the entitlement to benefits. Insured persons are not entitled to benefits during this period. In the event of unemployment, this is up to the end of the month from the event of damage plus one additional month. Assumption of the damage is on 15.04. reported then the grace period runs until 31.05. From 01.06. you are entitled to a benefit.

What does waiting mean?

The waiting period is the minimum insurance period before insurance benefits can be claimed. In the case of unemployment insurance, this is 2 months.

How long do I have to file a claim?

The insured event should be reported within 7 days.

Which documents do I have to submit in the event of an insured event?

AMS confirmation of unemployment. Any other documents requested by the claims department.