UG Insurance Brokerage Inc Blog
Just like other types of insurance, mortgage protection insurance also protects your finances. If you haven’t heard of it, now’s the perfect time to get yourself acquainted.
Here are some of the things you need to know about mortgage protection insurance.
What Mortgage Protection Insurance Is
Like other insurance plans, mortgage protection insurance (MPI) helps protect you and your family from heavy financial burdens. It is insurance that will cover the mortgage expenses if the primary breadwinner is no longer around or can’t provide income.
Generally, MPI works similarly to term life insurance. You purchase a policy and pay the premiums; then, the policy ends with the term. However, some differences make MPI stand out.
Is MPI worth it?
Generally, all insurance types are worth getting. However, there are other factors you have to consider, including your need for it.
Here are some things that could help you determine if MPI is worth purchasing.
Mortgage protection insurance doesn’t only protect your loved ones but your property as well. Although you may think you don’t need it, purchasing a mortgage protection insurance policy will be beneficial in the long run.
At UG Insurance Brokerage Inc., we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (718) 848-7777 or Click Here to request a free quote.