Check whether you have insurance policies that would cover your mortgage payments or replace some of your income. For example:

• Payment protection insurance
• Mortgage payment protection insurance
• Accident, sickness and unemployment insurance

These types of insurance are often offered with life insurance policies or mortgages and it’s easy to forget you have cover.

There is usually a minimum time period, which could be several months, before these policies pay out, so you should talk to your insurer to find out more, particularly if you are worried about redundancy.