Also known as accident, sickness and unemployment (ASU) insurance. This is similar to PPI but specifically covers mortgage interest repayments. It usually starts one month after your income stops due to redundancy, accident or illness, and continues to pay out for 12 months.
Check – look at the terms and conditions carefully, and check that it covers your circumstances.
For example, check whether or not the policy would cover any medical problems you may have had in the past if they started again.
