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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 
Where is the world's largest dome?

A 
The Louisiana Superdome, with a diameter of 680 feet, is located in New Orleans, Louisiana.
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Trey Manderson, REALTORŪ, real estate agent and broker for Pensacola Beach, Gulf Breeze and Pensacola, Florida home listings, property and land for sale

Trey Manderson
Coldwell Banker United, Realtors

22 Via Deluna
Pensacola Beach, FL 32561
Office: (850) 677-8040
Trey's mobile: 850-393-8739
Toll Free: (855) 761-0108
Fax: (850) 677-8045
trey@themandersongroup.com

The Manderson Group is a team of personally selected individuals who are committed to providing you with the highest possible level of customer service. Affiliated with Coldwell Banker United Realtors, we offer additional real estate sales and marketing services to ensure your needs are met and exceeded. Our team provides the following services: Personal service throughout your selling and/or purchasing experience. Support in the marketing, buying and closing of your property. Exposure to a wider geographical area Consultation for investment real estate, including commercial and residential.

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