The Top 5 Reasons Every Homeowner Should Have Mortgage Protection Coverage

Have you just purchased or refinanced your home? Congratulations! Here are the 5 top reasons every homeowner should have Mortgage Protection Coverage. 

1. Protection against financial hardship: Mortgage protection coverage provides financial protection to homeowners in the event of disability, terminal illness diagnosis, or death. This coverage can help homeowners and their families avoid foreclosure and keep their homes.

2. Peace of mind: Knowing that you have mortgage protection coverage can give homeowners peace of mind, knowing that their home is protected in case of unforeseen circumstances.

3. Affordable premiums: Mortgage protection coverage is generally affordable, with premiums that are usually much lower than the cost of private mortgage insurance (PMI) or other types of mortgage insurance.

4. Easy to qualify for: Mortgage protection coverage is relatively easy to qualify for, with minimal underwriting requirements. This makes it a good option for homeowners who may not be able to qualify for traditional life insurance.

5. Flexible coverage options: Mortgage protection coverage can be tailored to meet the specific needs of homeowners. They can choose the amount of coverage they need and the length of time they want to be protected. This flexibility allows homeowners to customize their coverage to fit their unique financial situation.

Contact our licensed insurance specialists today for a free life insurance consultation.