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	<title>New answer on: Is Mortgage Insurance And Home Insurance The Same?</title>

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		<title>By: Ronald Hinch</title>

		<link>https://insurancelibrary.com/home-insurance/is-mortgage-insurance-and-home-insurance-the-same-2</link>

		<dc:creator>Ronald Hinch</dc:creator>

		<pubDate>Tue, 12 Apr 2016 16:56:14 +0000</pubDate>

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		<description><![CDATA[&quot;Mortgage Insurance&quot; can refer to the insurance that you must pay the mortgage company to protect them in case of default if you do not own 20% of the home.  It can also refer to the life insurance that covers the mortgage itself in case of the death of the homeowner.  This is usually offered to the new homeowner by the mortgage company and is a very expensive decreasing term life insurance policy.  I have replaced many of these more expensive policies  with cheaper level term protection and it will also include any other debt and provide income for the spouse and family for a specified period of time.  Bottom line:  don&#039;t purchase mortgage life insurance!  Instead purchase level term life insurance to cover debt and income.]]></description>

		

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		<title>By: David Pipes</title>

		<link>https://insurancelibrary.com/home-insurance/is-mortgage-insurance-and-home-insurance-the-same-2</link>

		<dc:creator>David Pipes</dc:creator>

		<pubDate>Thu, 29 May 2014 19:26:21 +0000</pubDate>

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		<description><![CDATA[There are two types of insurance that are known as “mortgage insurance.”  When mortgage companies offer something other than a conventional loan they will often require the borrower to buy mortgage insurance which protects the mortgage company from default.  There is also a form of life insurance which is designed to provide a death benefit that equals the balance due on a mortgage.  Neither of these are the same as a homeowner’s policy.  The homeowner’s policy protects the residence and contents against “named perils.”  The homeowner’s policy also provides protection from personal injury and property damage lawsuits. ]]></description>

		

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