FOR IMMEDIATE RELEASE:



Including Mortgage Protection Insurance to Your Homeowners Insurance is Vital as Unemployment Rates Soar


September 13, 2009 — Job security is no longer something we have. The current rate of unemployment in the United States is 9.5%. That is almost fifteen million Americans, as stated by the Bureau of Labor Statistics. Usually once someone has lost their job; their house is the next in line to be lost. Usually when one has reduction in their income, mortgage payments are the most difficult debt to continue to pay. A homeowner can take several steps to stop their house from going into foreclosure.

Homeowners should take the time contacting their homeowner’s insurance company and inquiring about job-loss mortgage protection. Should you choose to take out this type of protection to save you from losing your house, it will be a smart move. With the addition of job-loss mortgage protection will assist you in paying your mortgage payments should job loss occur.

Homeowners need to take into consideration before buying mortgage protection what they will end up having to pay for this coverage. Insurance representatives will utilize many factors to figure how much you will have to pay for your mortgage protection premium. The factors that will decide this are the amount of your mortgage payments, the economy, and the risk of how likely it is that you will lose your job.

If your boss, your job industry, or your local community has been cutting jobs all over the place, this may mean that you job is insecure as well. The job market is a large deciding factor in how much your mortgage protection insurance premium will be. The larger the risk of your job loss, the more your insurance will cost you.

Mortgage protection has become even more vital than in the past. No employee is beyond losing their job and without the benefit of mortgage protection policy their houses are not as safe as they should be. Contact your homeowners’ insurance company now to find out if mortgage protection is what you need to keep your home safe. You can also inquire if job-loss coverage is included within your regular policy, if it is not then you should see about adding mortgage protection to your policy so you don’t have to worry about your home being foreclosed upon.


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