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 I am buying my first home. Should I buy mortgage insurance? Which one can take care of the property damage?
I am going to buy my first house and since i have 20% down, I don't have to buy the private mortgage insurance. Since i am sure I will pay off my house within 5 years, my friend does not ...


 Can anyone give me advice on travel medical insurance to USA?
I have just been diagnosed with a congenital heart disease and about to have surgery in UK, but have a holiday booked to Los Angeles is September. It;s the only thing to look forward to but I'm ...


 Can any one tell me?
Hello everyone can anyone tellme if i can still do my taxes, even though i was on disability for six months, actually maternity leave? Thanks to all....


 Which car insurer will insure 5 people from my family on 1 policy?
ive seen an advert on tv that says they have a new policy which lets tou insure 5 family members each with there own car on one insurance ...


 Will My insurence cover the lap band surgery?
I'm 21 years old, 5'11, and about 300lbs...I have blue cross blue sheild western new york. I also live in westchester county, NY. where can i get more information about it? do you think it ...


 Individual Medical Insurance - What Gives Here?
I applied for med insurance through Humana One - they were going to require I get a physical before telling me if I was approved or whatever - and they have their own exam requirements - a paramed ...


 How much should I insure my house for?
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 What is meant by tax shield?
...


 General Contractor looking for General Liability Insurance for another state?
I am currently a Residential contractor looking for General Liability Insurance that would cover me in other states as in Georgia. I was wondering if anyone knowes of an Insurance company that may ...


 Ho do I become "Incorporated" ...I am self employed and by Sept I must be incorporated... Any help??
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 BAILOUT??!!!?!?!?!?!?
CAN ANYONE EXPLAIN TO ME THIS BAILOUT? WHAT IT ENTITLES AND WHO THE HECK BAILS OUT??????
Additional Details
How can i get specific information of the content?...


 Are most successful salesmen introverts?
...


 Is my insurance liable or not?
Back in the fall I called a profesional paint co. to get my vinyl sided house painted. they came out in the spring and said " Good news we have a new product that makes it so we can paint your ...


 How can i get compensation for smoke damage ?
I have a lot of smoke damage in my apartment form a burned house next to me how can I get compensation to the smoke damage I have in my apartment and who should I call to get compensation . I ...


 SHould I get a lawyer for a moving violation in Ga but I reside in NC?..?
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 How to get a Life Insurance policy?
Is there a way to get a policy on somone with out them knowing?
My son's father is not involved and broke. He doesn't always live a careful life. I just wondered if there were a way ...


 How do I find new leads in the life insurance buisness..?
Looking to find new leads to ...


 Is there a time limit in reporting an insurance claim by law toyour insurer??
Is there a specific time limit to which you need to obide to when reporting a Stolen Van claim to your insurer, by law??...


 Re Going to Jail for not paying insurance,?
This seems a bit extreme just for being a couple of days late by accident. And since the bill has been paid which was only $44.00, And it couldnt be reposession the house is paid for. I think I am ...


 Renter's Insurance who will accept pit bull?
Which insurance companies will give me renters insurance with a pit bull??...



sabina h
Home loan v/s term insurance?
I have just taken a home loan. One of my friend adviced me to take home loan insurance. Another is advicing to take term insurance so that it will also will for the duration of home loan. Is there any difference in functionality of both.
                     
 




Bharat
Home loan insurance is just a wrapper to sell term insurance at high rate. It is just a reducing term insurance (the insure amount reduces as you pay EMI).

It is always better to go for pure term insurance.


T Taylor
I would advise you to take term-life. It is usually cheaper. There are some good mortgage protection insurance products out there as well, and they have different bells and whistles you might like, but generally, term-life insurance is cheaper and easier to get.

I would just shop around a little and see what there is out there. Just don't impulse buy - do a little bit of research.

Good luck.


d_k8049
i think it is not required that you have a that much insurance but it is for safety for o/s loan so you please take term and assignment and minimise your cost and secured you against unhappening.


mahadev_chavali
Rating
yes, theres difference between homeloan insurance and term insurance. in the case of homeloan insurance, if any risk happens they ll pay only the value of home. if u go to term insurance, u can opt how much insurance cover u needed and u can pay the premium.


src50
"Home loan insurance" is simply mortgage insurance - it pays off your loan (or its face value) if you die. Regular term life insurance also pays if you die - but directly to the beneficiary you designate. I'd go for a level term policy rather than "mortgage insurance."


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