Accident sickness & unemployment insurance (ASU Cover)...

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As the name suggests, Accident, Sickness and Unemployment insurance, or ASU, is designed to cover your mortgage payments if you are prevented from working because of an accident, sickness or unemployment.

Lenders will often offer their own ASU cover with their mortgages, along with buildings and contents insurance, as an all-in deal, although the only type of insurance that is always compulsory in relation to mortgages is buildings insurance.

However, it can often be markedly cheaper to take out ASU cover with an insurance provider that specialises specifically in these insurances rather than a mortgage company: it is always worthwhile getting as many comparative quotes as possible.

In addition to the monthly cost, the specific terms and restrictions applied to each policy should always be considered closely before opting for one specific deal.

It is also important to remember that, while an accident, sickness and unemployment policy will cover your mortgage payments initially, it will normally only pay out for two years at the most. ASU cover is therefore not sufficient to insure against long term incapacity.

Contact us today and we will give you comparative ASU quotes from a range of top UK insurers.