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Real Estate Tips
Insurance >Do You Need Mortgage Protection

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.

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Real Estate Trivia
Q 
What famous building receives a fresh coat of 300 tons of reddish-green paint every seven years?

A 
The Eiffel Tower in Paris, France.
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Adam Hopkins, REALTOR®, real estate agent and broker for Lynchburg, Forest and Campbell County, Virginia home listings, property and land for sale - NUMBER1EXPERT(tm)

Adam Hopkins
The Hopkins Real Estate Group

22776 Timberlake Rd Suite E
Lynchburg, VA 24502
Phone: (434) 444-7136
Email: TheHopkinsGroup@gmail.com

As the Number 1 Real Estate Expert in the Greater Lynchburg area since 2002, Adam Hopkins specializes in getting your home sold faster and for more money, through his attention to details that most agents miss, and through exclusive consumer services and programs that other companies simply do not provide. Call Adam today to see what a difference his service can make for you as you buy or sell your home!

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