Job loss protection is an insurance feature or benefit that helps borrowers continue paying certain loans if they lose their job in an unexpected situation. This can apply to mortgages, personal loans, or credit cards. During unemployment, job loss protection helps borrowers maintain payments temporarily, often up to a set period. It provides financial relief during tough times, preventing missed payments and damage to credit scores. This protection often requires an extra premium and may have conditions, such as only covering involuntary unemployment.