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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Jodi MacHardy's Team
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I have been a real estate agent in Central Texas for over 15 years. Ever since I was featured on the cover of Real Estate Magazine at the age of 29 I have been committed to providing my customers with the best customer service available and a no-holds barred approach towards getting my clients the best deal possible. I work hard so you don't have to!!! Some of my achievements include: Being recognized by Texas Real Estate Magazine as the most successful Realtor under 30, have consistently been a member of the multi-million dollar club, associated with the USAA Mover's Advantage Team, listed as one of the Dell Corporation's recommended Realtor's and more... I am an experienced real estate agent with over 15 years. If you hire me as your real estate agent you will not be disappointed! I will assist you with all inspections for your home, compare prices of homes that have recently sold in your area to make sure your buying or selling your home at a good price, and helping you with the mortage end to make sure you get the best interest rate, all the way to closing on your home.Call Jodi MacHardy for all your real estate needs! I can be reached at : 512-496-4663 and toll free 888-763-0343 or email me at jodilin@earthlink.net . I look forward to hearing from you

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