Private Mortgage Insurance is NOT Homeowners Insurance

Private mortgage insurance protects your lender in the event you default on your payments, it is not homeowners insurance, which protects your personal property and your home in the event of some sort of accident or theft (depending on your policy). Do not confuse the two!

You often have no choice when it comes to private mortgage insurance, your lender will arrange that for you. When it comes to homeowners insurance, you will have more choices than you will know what to do with. You will need to pick how much coverage to get (your lender may dictate that you have a minimum dollar amount), the type of policy to get (what gets covered and against what), and what company to go with.

The Homeowners Insurance Guide is a blog that covers all sorts of homeowners and renters insurance information from a description of what the different policy riders are to an explanation of the numbered HO policies cover. Give it a look, you might find something useful about homeowner’s insurance.

This entry was posted on Sunday, September 24th, 2006 at 4:56 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Be the first to comment.

Have your say





Fields in bold are required. Email addresses are never published or distributed.

Some HTML code is allowed:
<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>
URIs must be fully qualified (eg: http://www.domainname.com) and all tags must be properly closed.

Line breaks and paragraphs are automatically converted.

Please keep comments relevant. Off-topic, offensive or inappropriate comments may be edited or removed.

Recent Posts

  1. Fool.co.uk Mortgage Website Review
  2. Private Mortgage Insurance Is Now Tax Deductible!
  3. Democrats More Likely To Make PMI Tax Deductible
  4. What Affects Private Mortgage Insurance Rates
  5. Private Mortgage Insurance is NOT Homeowners Insurance
  6. How Much Should Mortgage Insurance Cost?
  7. Frugal With Real Estate Appraisals
  8. Pay Down Your Mortgage Faster
  9. Final Termination of PMI
  10. Getting Rid of PMI
  11. MGIC Launches Spanish Language Mortgage Education Program
  12. Active Duty & Veterans Can Avoid PMI
  13. Sample Letter to Cancel Private Mortgage Insurance
  14. Shopping for Private Mortgage Insurance
  15. Mortgage Rates Increase, Good for Homebuyer’s PMI
  16. Zero Down Payment Mortgages Debate
  17. Are PMI Payments Tax Deductible?
  18. Negotiating PMI
  19. Making a Case for PMI over Piggybacks
  20. How To Apply For PMI
  21. Can PMI Increase after Closing?
  22. Suze Orman Likes PMI, I Don’t
  23. Cancelling Private Mortgage Insurance
  24. 2nd Mortgage Rates Higher, includes PMI
  25. PMI Seeking Tax Deductibility
  26. Finding Out Who Your PMI Underwriter Is
  27. MGIC SingleFile Plan – Avoids PMI
  28. PMI vs. FHA Mortgage Insurance
  29. “Adverse Action” Letter from PMI Underwriter
  30. Understanding The Homeowner’s Protection Act of 1998
  31. Avoiding PMI with Piggyback Mortgages
  32. Introduction to Private Mortgage Insurance

Search Website