Mortgage Payment Protection / Accident Sickness & Unemployment / Rent cover

This is a short term policy (usually 1 to 2 years) that covers a specific payment such as your residential mortgage payment or rent payment in the event that you suffer an accident or illness that keeps you off work for more than 30 days or you become unemployed for more than 30 days. You can cover up to 25% above the mortgage or rent amount to help with paying bills. Premiums are usually paid on a monthly basis and can cover either event or both combined.