Unemployment insurance is something that is gaining a lot of popularity as the world's economy struggles along. This is a type of coverage that can pay you if you lose your job. Some plans will pay you the entire amount that you would have gotten from your salary before you were laid off; other plans will just pay you a percentage so that you can get by while you are looking for a new job. You should really think about getting this if you think that your job may be in jeopardy. Even if you think that your job is safe, you should consider it in case your company has to downsize. When you lose your job, the first thing that you want to do is to file a claim with your insurance company. Show them some proof that you really do not have a job - they do not want to pay you if you are still making money from your work, after all - and ask them to pay you the money that was agreed upon when you bought the policy. Please note that this can be a long process, so you want to get it started as soon as you can in order to get the money that you need. Before you purchase the policy, you will need to know what type of a plan it is and how much aid it really provides. You may have to pay a lot if you want to get your entire salary. Make sure that you know exactly what you have purchased before you file the claim. Do not just assume that any plan is going to pay you the entire amount that you would have made at work. It is a good idea to try to find some balance when you are considering how large of a policy to buy. On one hand, you want to make sure that it is large enough that you will get an amount of money that allows you the pay all of your bills. On the other hand, you do not want to buy too large of a policy or it may prove too expensive to own. You need to balance this out. Try to find a policy that you can afford but one that will still cover all of your basic bills. You can sacrifice getting enough insurance money to accumulate savings in order to save money while you are working.