ShieldYourMortgage

Life doesn't stand still, and neither should your insurance coverage. Your mortgage protection policy should evolve as your life circumstances change. Here are the key events that signal it's time to review and potentially update your coverage. 1. You Refinance Your Mortgage If you refinance to a lower rate, extend your term, or cash out equity, your mortgage balance has changed. Review your coverage to ensure it still matches your debt. The good news: mortgage protection ins

Determining the right amount of mortgage protection coverage is one of the most important decisions you'll make when purchasing a policy. Too little coverage leaves your family vulnerable; too much means you're paying for protection you don't need. Start With Your Mortgage Balance The simplest approach is to match your coverage to your current mortgage balance. If you owe $350,000, a $350,000 policy ensures your mortgage can be fully paid off. However, this is just the starti