Accident Sickness and Unemployment Insurance (ASU)

This is another form of protection that can be used to protect your mortgage. Basically it is set up to protect your monthly mortgage payments and any other associated mortgage costs that you may have on a monthly basis against the effects of you either being off work due to sickness or accident or being made unemployed.

This type of insurance should not be confused with Permanent Health Insurance(PHI) because it does not serve the same purpose as ASU will usually pay out a monthly benefit for up to a maximum period of two years whereas PHI is permanent protection but usually more costly.

ASU is also a very valuable insurance to have in place in connection with your mortgage because it gives you the protection of knowing that if one of these unexpected events occurs and your earnings suddenly drop, that you will have piece of mind of knowing that your insurance policy will kick in and cover your mortgage outgoings while you are unable to work and your earnings have been reduced.

We must also advise all clients that this type of insurance does come with certain conditions such as usually pre-existing conditions or prior knowledge of a redundancy would not be covered under the plan. There can also be certain time restrictions that may apply when you take out your policy before you can make a claim and also each claim will be assessed on each individual circumstance.

At Independent Mortgages & Loans we feel that this is an insurance that all our clients should consider having in place because usually your mortgage is your biggest financial commitment so it is important to insure it against all eventualities.

So if you would like a competitive quotation then please fill in your details on our home page and we will be delighted to provide you with a quote.

Our Independence means we can arrange your mortgage from any company including the following leading providers companies