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Letter A

Accident, sickness and unemployment insurance

Insurance taken out by a borrower to protect them against the inability to pay the mortgage payments in the event of sickness disability or unemployment due to redundancy.

As such this cover would be more appropriately called accident, sickness and redundancy insurance due to the fact that unemployment cover is generally restricted to events that are entirely beyond the control of the insured person. Typical exclusions include dismissal following professional misconduct and any act of voluntary redundancy.

It is worth bearing in mind that accident and sickness cover could also be subject to restrictions such as any act of self-injury or any injury related to the use of alcohol or drugs

For more information or a free low cost quote on Accident Sickness and Unemployment Insurance please click the link on the left of the page marked Payment Protection under the heading mortgage protection.