There are many different situations covered by a mortgage insurance plan. The most common issue addressed by the company would be a missed or late mortgage payment.
No, your mortgage typically does not cover your insurance payments. Insurance payments are separate from your mortgage and are usually paid directly by you to the insurance company.
Homeowners insurance does not cover your mortgage if you become disabled. You would need to obtain mortgage protection insurance for that.
No. Homeowners Insurance does not cover the owners default on a mortgage note.
NO Home Owners insue covers the Home. You might look to Mortgage Insurance for paying a mortgage.
No you don't have to, but you would be a fool not to carry enough insurance to cover your mortgage! However, most mortgage lenders do require it, and if so, they will not make the loan if you refuse to carry the mortgage insurance. In that case, the choice is yours.
No, your mortgage typically does not cover your insurance payments. Insurance payments are separate from your mortgage and are usually paid directly by you to the insurance company.
Credit life insurance, Mortgage insurance, or decreasing term insurance.
Homeowners insurance does not cover your mortgage if you become disabled. You would need to obtain mortgage protection insurance for that.
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.
No. Homeowners Insurance does not cover the owners default on a mortgage note.
the house payment
NO Home Owners insue covers the Home. You might look to Mortgage Insurance for paying a mortgage.
NO, your homeowners policy will cover 'additional living expenses' but will not cover your mortgage.
No you don't have to, but you would be a fool not to carry enough insurance to cover your mortgage! However, most mortgage lenders do require it, and if so, they will not make the loan if you refuse to carry the mortgage insurance. In that case, the choice is yours.
There are many benefits of a breakdown cover insurance. Some benefits of a breakdown cover insurance are risk cover, tax benefits and protection in emergency situations and many more.
General insurance covers generals in the army you can get some by going to the generals website I forget what it is but maybe the sergeant or captain will know The uses of the insurance increase with the cover the people have. The general insurance cover most unique situations like life, auto & home situations they have.
No. This is not what homeowners insurance is for. Homeowners insurance is to pay for physical damage to your home and contents.