Job Loss Insurance Allows New Homeowners to Keep Their Homes

Oct. 27, 2009 - PRLog -- Chicago (InsuranceAgents.com) – Building a new home is a very stressful and long process, you have a lot of details to pay attention to and when the home is finally built, you still need to move in and get organized. Since you already purchased the perfect homeowners insurance policy for you and your homes protection, there is one less thing for you to worry about.

http://www.insuranceagents.com/mortgage-protection.html

Adding job loss insurance to your homeowners insurance policy is something many homeowners are starting to consider. With the bad economy still looming, job loss is more likely than ever and with job loss comes unpaid mortgage payments and the possibility of losing your home altogether. A job loss rider can help homeowners pay their mortgages if they unexpectedly become unemployed but does not provide assistance for everyone. “If you’re unemployed because of resignation, mandatory retirement, or are terminated because of criminal activities or misconduct then you cannot get job loss insurance,” states the article. Job loss insurance also does not provide coverage for those who are self-employed and/or own more than 10 percent of the company that employs them.

If you are a new homeowner and want to protect your home against possible job loss, this insurance rider is the perfect addition to your policy. You spent so much time into building your dream home, don’t lose it because of the unstable economy.

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