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Kiplinger
Kiplinger
Business
Paige Cerulli

Mortgage Protection Insurance: What It Covers and When It Makes Sense

Insurance agent clasping hands over a model home. .

Your home is a major investment, and you can protect that investment with home insurance. But if you pass away and your beneficiaries can't pay your mortgage, your home could be sold or foreclosed on.

Mortgage protection insurance offers you extra reassurance by paying off your mortgage after your death. Some policies also offer riders that extend coverage to pay your mortgage if you become disabled and can’t work.

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