Mortgage Insurance Vs Life Insurance

Posted onDecember 26/2016By

People often see their homes as their biggest investment, and naturally they want to protect that investment. On the other hand, people also worry about what would happen to their loved ones if they were no longer around to care for them. For both of these situations, there is life insurance and mortgage insurance. Both types of insurance offer benefits, but they differ in their nature and eligibility criteria. If you are considering one or both forms of insurance, here are some things that you need to be aware of before making a decision. Life Insurance Life insurance is a smart move for many people who have dependents. However, life insurance does not often come without a rigorous application process. Age is a critical factor in the monthly premium you pay and you often have to undergo a medical exam. If you have had any previous complications, then that could…

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Important Things To Know About Home Insurance

Posted onJune 13/2016By

Home insurance protects what you own, whether that’s a house, condo or an apartment. It also protects you if you’re renting. Insurance protects you from loss or damage – whether you’re a victim of fire, flood, other natural disasters, or theft. There are many insurance policies from which to choose. Deductibles vary, coverage varies. Here are some things you should consider before choosing a policy: What’s actually covered? Policies cover your home, its contents, you, your spouse and children. It also covers kids away at school. If you have anyone else living with you like a friend or family member, be sure to let your insurance rep know. If anything happen that you can’t live in your home because of an insured loss, your policy also covers additional living expenses. How much will I need? That will depend on how much your home is worth along with all the personal…

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