You can Emma - although I have to say that creditors do not always see the benefit of funding the insurance premium, as obviously this would have to be paid as part of the IVA allowable expenditure.
My own experiences of these types of policy are not good I am afraid, in that I found it very difficult to claim - and actually gave up using such schemes over 5 years ago, but John reassures me that the new products available are much better and soundproof from a claims point of view.
I think the industry as a whole needs to embrace such policies before they ever get popular, and it would be useful to know how many IVAs are accepted and backed by ASDU insurance. I suspect not very many!
Regards, Melanie Giles, Insolvency Practitioner for over 20 years.
To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp
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http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp