Protects your mortgage payments for a period of time if you are made redundant.
ASU is available to cover accident and sickness and or unemployment/redundancy.
This insurance will pay your monthly mortgage premium in the event that you are unable to work due to accident, sickness or unemployment.
It is available as a single or joint policy but if it is in joint names it will only pay out a proportion if one of you is unable to work.
An enhancement of up to 25% of your monthly mortgage payment is available with most policies (up to a maximum of £1500) to cover related costs such as life insurance premiums and house insurance premiums.
This type of policy will pay out for up to 12 months. If you require a policy that will pay out a monthly benefit for a longer specified fixed term then you should consider an Income Protection policy.