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If you have a mortgage on your home, you may have received several offers from insurance companies that sell coverage to pay off your mortgage in the event you die unexpectedly. Although insurance in general is a good idea, mortgage insurance is usually a poor value in most cases.
If you read the large print, it appears that the policy will protect your family if you die before your mortgage is paid off. All you have to do is fill out the paperwork, have a physical exam, and pay a little more each month. The fine print, however, may limit the coverage relating to accidental death. If there are two people on the deed of trust, the policy may pay only half if one of them dies.
When considering mortgage insurance, call a good insurance agent before you send in your forms. Insurance experts usually advise against separate policies to cover various contingencies. A regular term life insurance policy equal to the amount of your mortgage will probably offer you a lot more coverage for your money.
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Debbie Wyrsch-Williams Coldwell Banker Residential Brokerage 180 W. Continental Road Suite 100 Green Valley, AZ. 85614 Toll Free: 877-273-2146 Office: 520-248-HOME (4663) Fax: 520-648-1180 Email: GreenValleyHomeAdvisor@NUMBER1EXPERT.com
Green Valley Realtor Debbie Williams welcomes the opportunity to show you Southern AZ active adult communities Robson Quail Creek, Del Webb neighborhoods, Meritage Canoa Ranch & Las Campanas, surrounding Green Valley areas & Sahuarita. A consistent Customer Service Award winner and Top Selling REALTOR, Debbie provides NUMBER1EXPERT service to ALL Buyers and Sellers. Let me show you the community I live in and LOVE!
Experience, Relationships, and Technology are only part of my formula for success in today’s demanding Real Estate marketplace. My in-depth knowledge & understanding of the Green Valley, Sahuarita and Tucson Real Estate markets ensures you have access to the broadest selection of homes available for sale.
Contact me today to learn how I can make your next Green Valley, Sahuarita or Southern Arizona Real Estate transaction a successful one!
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Green Valley homes, Sahuarita homes and Tucson homes in Pima County Arizona