If you have a mortgage on your home, you may have received several offers from insurance companies that sell coverage to pay off your mortgage in the event you die unexpectedly. Although insurance in general is a good idea, mortgage insurance is usually a poor value in most cases.

If you read the large print, it appears that the policy will protect your family if you die before your mortgage is paid off. All you have to do is fill out the paperwork, have a physical exam, and pay a little more each month. The fine print, however, may limit the coverage relating to accidental death. If there are two people on the deed of trust, the policy may pay only half if one of them dies.

When considering mortgage insurance, call a good insurance agent before you send in your forms. Insurance experts usually advise against separate policies to cover various contingencies. A regular term life insurance policy equal to the amount of your mortgage will probably offer you a lot more coverage for your money.

	See All Tips In The "Insurance" Category >
	See Complete Library Of Hundreds Of Tips In 30+ Categories >

Grace and Lucas Miranda
The Miranda Team
Keller Williams World Media Center
401 South First Street
Burbank, CA 91502
Office: 818-239-3545
Fax: 818-239-3555
DRE#: 01275725
Office DRE#:: 01521876
Grace's Email: GraceMiranda@live.com
Lucas's Email: LucasMirandaRE@gmail.com

The Miranda Team at Keller Williams World Media Center is one of the highest producing real estate teams in this area. The team is composed of Grace Miranda, listing agent, and her son, Lucas Miranda, as the team’s buyer’s specialist. Grace and Lucas are consistent top producers serving areas that include Burbank, Glendale, Sun Valley, Shadow Hills, North Hollywood, Studio City, Toluca Lake, and surrounding communities. They serve a wide spectrum of clients from first time home buyers, entertainment industry clients, to equestrian enthusiasts and luxury properties. Their team combines attention to detail, integrity, professionalism, the highest service, as well as utmost discretion as they assist their clients in the process of selling and buying homes. Need to buy a home in the San Fernando Valley, Santa Clarita Valley, or the San Gabriel Valley? Call Lucas today to start the hunt for your perfect home at an amazing price! Need to sell a home in Burbank, Glendale, Sun Valley, Shadow Hills, North Hollywood, Studio City, Toluca Lake or surrounding areas? Give Grace a call to get your home sold quickly for top dollar. Grace also specializes in Short Sales, pre-foreclosure sales, and is certified as a Short Sale Specialist and an REO Specialist.