The Importance of Life Insurance When Owning a Home

So, now you are a home owner.  What are the types of mind sets that are needed to insure that you and your family enjoy your new home but have the adequate protection for your new asset.  Insurance plays an important role on many levels.  If your home is located near a water source such as a pond or river you may want to consider looking into protection on that level.  If your home is in an earthquake area there is protection for that.  The most common that is useful to you no matter where you live is life insurance.   It is not a fun topic but it is realistic.  The experts suggest that you take out a term life insurance policy that covers the balance of the mortgage on the home in the event of the death of the owner.  This is just another important step in protecting you and your family.  Contact your current Loan Servicer to see if they can recommend  an insurance company, in some cases you can get that insurance added right on to your mortgage payment by chosing this option.  It is also very wise to check with your current home owners insurance carrier to see if there might be an opportunity there as well.  Thank you for checking in and there will be more juicy tips to come.......