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Mortgage is in your name spouse dies will mortgage life insurance pay off house?
If the mortgage is in your name it would not be affected by the death of your spouse. Mortgage life insurance is coverage that is taken out so that your house would be paid for in the event of your death.
How do take a loan on your life insurance?
when u first get loan , it has insurance on it, been paying on it til loaner has passed away. does that insurance expires before loan paid off or til it paid off. loaner died jan 30 2012 and loan is paid off 2/14/2014
How long Is the Mortgage Insurance Premium paid?
Could be paid for full term of your entire mortgage or paid off in full.
Can you sell a house that's not paid off?
yes
Is life insurance needed if you pay off a mortgage?
After you've paid off the mortgage, whether or not you have life insurance is between you and the family members you expect to outlive you.
Is homeowner flood insurance required?
If your house is paid off, no, it would not be required.If the house is located in a flood prone area and still on a mortgage note then Yes, Most lenders will require that you maintain flood insurance for protection of the property until the loan is paid off.
What happens to a home insurance policy when the holder dies?
the house is paid off and given to the beneficiary
Property Insurance Coverage for paid off property?
An Insurance Policy in an appropriate Property Line can certainly offer you security for your paid off property.
What is the benefit of buy term insurance?
The benefit of term life insurance is that once the life insurance is completely paid off, then the monthly premium are paid off by the dividends. People can also borrow from their life insurance.
Am I required to have a homeowner insurance policy?
Unless you've totally paid off your house, mortgage companies will generally require you to have a homeowners policy.
If land is in a non-rebuildable flood zone is there another insurance besides floor insurance that can would pay the remaining mortgage?
If your house is a "write off" normal coverage limits should cover it under your F&C insurance. All states differ.
If owner of a house dies does insurance pays off house?
Only if they had mortgage insurance.
Mortgage is in your name spouse dies will mortgage life insurance pay off house?
If the mortgage is in your name it would not be affected by the death of your spouse. Mortgage life insurance is coverage that is taken out so that your house would be paid for in the event of your death.
Does a landlord or owner have to have a property insurance?
If the property in question is not paid off and there is still a mortgage to be paid, the mortgage company requires that the purchaser have full insurance coverage on the property. They do not want to lose their investment to a careless fire! If the property is paid for and there is a different person living in the house and paying rent, usually the property owner requires the renter to carry full coverage insurance on the house. I hope this is helpful and answers your question.
Will basemnt flood with check valve off in the basement?
That depends entirely on your house. Many basements never flood.
Who do you call if there is water run off from neighbors?
Flood is coming from there house
How do take a loan on your life insurance?
when u first get loan , it has insurance on it, been paying on it til loaner has passed away. does that insurance expires before loan paid off or til it paid off. loaner died jan 30 2012 and loan is paid off 2/14/2014
