Mortgage protection is an important type of insurance to have in case something happens to you and you can no longer make your mortgage payments. It is a form of term life insurance, which means that it provides coverage for a specific period of time, in this case the duration of your mortgage.
If something happens to you and you can no longer make your mortgage payments, your mortgage protection policy will pay the remaining balance on your mortgage. This can help you avoid foreclosure and keep your home.
Mortgage protection is different than income protection, which provides coverage if you are unable to work due to illness or injury. Mortgage protection is specifically designed to help you if you cannot make your mortgage payments due to unexpected events such as death or disability.
If you are a new homeowner in Las Vegas, it is important to consider mortgage protection insurance. The cost of a policy is relatively low and it can provide invaluable peace of mind in case something happens. Talk to an insurance agent today to learn more about mortgage protection and how it can benefit you.
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