Posts Tagged private mortgage insurance
Does Florida deserve an ‘F’ for home insurance?
Mortgage insurance products differ
A couple of readers wrote in after our Sunday Work & Money story ["Lenders set new rules," April 4] about home mortgages to comment on Federal Housing Administration loans and private mortgage insurance.
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Credit scores can hike home insurance rates
Insurance companies across Canada are increasingly turning to credit scores to help assess risk and determine the cost of premiums.
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Importance of Auto Insurance and Home Insurance Coverage
In today’s world, having the right home and or car insurance is more important than ever. Car and home insurance are two of the most necessary forms of insurance you’ll find. For that reason, they are also the most common forms of insurance protection. This is for obvious reasons, as they both provide extremely important protection for our family needs.
Home insurance in its most basic role provides protection for not only our families, but for visitors as well. This is very important, as home ownership is our number one investment, at least for most of us. For that obvious reason making sure you have proper home insurance is an absolute must. In fact, if you borrowed to purchase your home, like most homeowner owners have, your lender will require that you have adequate health insurance. It’s important not to confuse home insurance with mandatory private mortgage insurance. Private mortgage insurance is insurance that protects the lender, should you default on your home loan. Home insurance protects you and your home from damage and liability.
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