Accident Sickness & Unemployment insurance or ASU as it is often called, is the most economical way to protect your mortgage payments. These insurance plans pay a monthly sum sufficient to cover your mortgage payment, various insurances and the council tax. The best plans will pay for up to 24 months although most are limited to 12 months. Irrespective of the cost of your mortgage the maximum you can insure is £1500 per month.
ASU can be divided into accident and sickness as one component and unemployment as another. For self employed applicants, unemployment is often difficult to substantiate as nothing less than bankruptcy or liquidation is accepted as proof. For this reason, it is always best to get professional advice when purchasing this product.
Mortgage ID are professionals in this field. We have access to products from all the major UK providers and can rapidly explain which would best suit your situation. For an obligation free discussion, press the Quick Call Back button and complete the form. An adviser will ring you back. Mortgage ID is open from 8.30am to 7pm Monday to Friday and on the mobile over the weekend on 07909 332064.
If you are considering just accident and sickness cover, we recommend you seriously consider Income Protection as well. The level of cover is usually significantly better while the cost is very similar. |
