Personal loan payment protection insurance - What is it?
 

Payment protection insurance is insurance that will pay out a sum of money to help you cover your monthly repayments on mortgages, loans, credit and store cards or catalogue payments, if you are unable to work because you have an accident or sickness, or become unemployed through no fault of your own.

This means that the insurance company will pay the monthly repayments (or a percentage of them) on your behalf for a fixed period of time if you become unable to work. It is sometimes known as ASU (accident, sickness and unemployment) insurance, Account Cover or Payment Cover.
Payment Protection Insurance can provide worthwhile cover against unexpected changes in your personal circumstances, but bear in mind that it has certain limitations and exclusions.

The above quotation link will enable you to get an instant, online quotation for an insurance policy designed to provide an income to help meet your monthly bills or, your mortgage, loan or credit card repayments, when you are unable to work through accident, sickness or unemployment.