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i have mortgage and homeowner insurance and fidc risk insurance

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Q: How do I know if I have Mortgage insurance?
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How do you know if your mortgage will be paid off if you die?

You check to see if you purchased mortgage insurance.


How do you know if you had mortgage insurance?

This depends on what you mean by mortgage insurance. If you are talking about products like PMI (Premium Mortgage Insurance) look on your escrow billing and it will be listed. If you are talking about a life insurance policy that would be either through credit life with your mortgage company or separately through an insurance company.


Who benefits from a mortgage insurance claim?

The real beneficiary from a mortgage insurance claim is ultimately the insurance company that provided you with the mortgage insurance in the first place.


Does homeowners insurance pay off your mortgage if one of the homeowners dies?

No. For that kind of benefit you need mortgage insurance or a life insurance policy.No. For that kind of benefit you need mortgage insurance or a life insurance policy.No. For that kind of benefit you need mortgage insurance or a life insurance policy.No. For that kind of benefit you need mortgage insurance or a life insurance policy.


Will homeowner's mortgage insurance pay for failing drainage pipes under foundation?

Mortgage InsuranceNo, Mortgage Insurance is NOT Homeowners Insurance. Mortgage Insurance does not cover your home at all.Mortgage Insurance covers your finance note, not your home.


Is mortgage protection insurance necessary to have?

Yes and no, mortgage protection insurance is necessary to have. According to the Private Mortgage Insurance Law lenders who put less than a 20 percent down payment on there loans are required to pay private mortgage insurance or mortgage protection insurance.


How long are you required to have mortgage insurance?

You will need mortgage insurance as long as you still have a balance to pay on your mortgage, so in essence for as long as you have a mortgage.


Does mortgage insurance pay off mortgage for inheritors?

Mostly, mortgage insurance plans are made to protect the home of the insured, if they fall ill, meet an accident or discontinue their job due to some reasons. Even if they pass away while the mortgage insurance is active, the inheritors don't have to pay for anything and the insurance provider takes care of the pending mortgage debt as that family members can live in their home happily. Hence, the short answer is Yes, they do. If you are willing to know more about mortgage protection insurance, you can visit optinsure.com for the same.


Does mortgage company know the change of the homeowner insurance to landlord insurance?

Your Insurance Company is required by law to provide a copy of insurance policy at renewal time to your mortgage company and to notify them of any endorsements or changes in coverage. They may Notice it if they review your policy.


Where can you get mortgage insurance quotes?

You can contact an insurance agent in your local yellow pages to request quotes, or use an online mortgage insurance quote provider that has access to a network of insurers to provide you with quotes. Most mortgage insurance companies have online mortgage insurance calculators. Google mortgage insurance calculator along with the name of the mortgage insurance provider (i.e. Radian, RMIC, United Guarantee, Genworth, etc.)


Does homeowners insurance pay your mortgage if you become disabled?

Homeowners insurance does not cover your mortgage if you become disabled. You would need to obtain mortgage protection insurance for that.


Is the mortgage on a house pay off upon death?

No. Not unless there was some type of insurance in place to that effect, either mortgage insurance of a life insurance policy.No. Not unless there was some type of insurance in place to that effect, either mortgage insurance of a life insurance policy.No. Not unless there was some type of insurance in place to that effect, either mortgage insurance of a life insurance policy.No. Not unless there was some type of insurance in place to that effect, either mortgage insurance of a life insurance policy.