Accident Sickness and Unemployment Cover

Buying your home is the most important purchase you are ever likely to make so it is comforting to know that your mortgage payments can be covered should the worst happen.

If you rely on two incomes then you need to protect that income in case you are unable to work through accident, sickness or unemployment.

This type of protection is more important than ever since state benefits were reduced in October 1995. Borrowers with mortgages taken out after this date have to wait 9 months before they are able to claim benefit. Even after 9 months borrowers are unable to claim benefit if they have a working spouse or savings over £8,000.

The rates for Accident, Sickness and Unemployment are £4.75p per £100.00p of monthly benefit required and if you require just Accident and Sickness or just Unemployment cover the cost is £3.00 per £100.00p of benefit required.

Example: Full cover- £500 benefit = monthly premium of £23.75 (£500 x 4.75) - to cover mortgage payments and associated insurances etc. For a full, no obligation quotation, please complete our online form.