Yes, ASU covers you if you lose your job – provided it’s through no fault of your own. If you’re fired for something bad you’ve done, or if you leave the job without another one lined up, your policy most likely won’t pay out. ASU is designed to cover involuntary redundancy – when you lose your job without warning. It won’t pay out if you take voluntary redundancy, and it doesn’t work if you are fired for misconduct.