A common question that comes up is whether mortgage insurance and life insurance are duplicative. While it may sound like they provide similar coverage, they work very differently, and one will offer far more direct value to a homeowner’s loved ones.  What is Mortgage Insurance?  Mortgage Insurance (PMI) is often required when a homebuyer makes a down payment of less than 20% of the purchase…

Builder’s Risk Insurance: What It Covers  This is the builder’s responsibility. It typically covers:  Important: This policy only lasts during construction and only protects the builder’s investment, not your personal property or liability.  Homeowners Insurance: When You Need It  You’ll…