Thursday, May 26, 2005

Mortgage Insurance?

There are many options when it comes to protecting your home with insurance.

One item to look closely at is "Mortgage Insurance".

Anyone who has this sort of policy should look closely at the fine print.

Those policies offered by the financial institution holding your Mortgage often only cover the remaining balance of the mortgage and not the total value of the house.

Compare these plans to an Insurance policy offered by a third party and you are likely to find that you are better off to go with another policy.

Third party policies often:
  • have lower premiums
  • provide better coverage
  • pay out higher values
Look closely at why your financial institution is bundling insurance with your mortgage and you will see that it is an easy upsell, but one that is quite costly to you both in the short term and long run.

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Blogger alberthaanstra said...

Hi, Als je bij de bank niet slaagt om te lenen, heeft men bij online lenen dan nog wel kans op succes?

Groeten Albert.

Ps, heb je al gehoord van de nieuwste ringtonen? Een ringtone met je eigen naam erin! Supercool en grappig. Luister naar je eigen naam in een ringtone op naambeltonen.info

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