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ASU insurance

ASU stands for Accident, Sickness or Unemployment cover and is linked to either a mortgage or rent payment. The cover is usually capped at the mortgage or rent payment amount although some lenders allow 25-30% on top to allow for any related bills or expenses. This is a short term cover based over a 12 or 24 month term and the premium payment which can be paid monthly or annually is reviewable.

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