It provides a monthly payment if you cannot work for an extended period due to accident, sickness or unemployment.
This stands for Accident, Sickness and Unemployment insurance and is a type of mortgage insurance which covers you in the event of disability or redundancy.
This stands for Accident, Sickness and Unemployment insurance. This insurance covers mortgage repayments in case of accident, sickness or involuntary unemployment.
This stands for “Accident, Sickness and Unemployment” and is an insurance policy, which will pay the mortgage for the borrower if they are unable to earn their wages normally due to an accident, sickness or unemployment.
Accident, Sickness and Unemployment - for definition see Mortgage Payment Insurance (MPI).
Accident, Sickness and Unemployment insurance (See also MPPI). This insurance is designed to cover the borrowers mortgage payments in case of accident, sickness or involuntary unemployment.
accident, sickness and unemployment insurance covers your monthly mortgage repayments should you fall ill or be made redundant. Your lender may offer you cover as part of your mortgage deal, or it is available from various mainstream insurers and insurance brokers. Watch out for the restrictions on this kind of cover. arrangement fee - some lenders charge a fee for setting up your loan. It's normally payable on completion and can sometimes be added to the loan.
An accident, sickness and unemployment policy will cover the monthly mortgage repayments for a limited period, usually a year, if the borrower cannot work because of injury, ill-health or job policies. Compare these to a mortgage protection policy that will pay off the whole of the outstanding loan if a borrower dies.
righttobuymortgages wrote 8 months ago: Accident, Sickness and Unemployment insurance (See also MPPI). This insurance is designed to cover the borrowers mortgage payments in case … more » Tags: Mortgage Glossary
Abbreviation for Accident, Sickness and Unemployment insurance, also known as Mortgage Payment Protection policy. This policy is intended to cover your mortgage payments if you are unable to work through unemployment, sickness or disability.
Accident, sickness and unemployment insurance (sometimes referred to as A.S.R. - accident, sickness and redundancy insurance). This is an insurance policy, which is taken out by the borrower and protects against the borrower being unable to work for the stated reasons. The ASU policy will usually pay a percentage of the normal monthly mortgage repayment (plus insurance) if the borrower is unable to work due to accident/sickness or unemployment/redundancy. These payments will normally only be made for a limited period of time - typically 6/12 months or until the borrower returns to work. The terms of these policies and the cost vary considerably from company to company.