Job Loss Insurance For Your Newly Constructed Home

By Kyle Fitzsimmons, InsuranceAgents.com Staff Writer

Keep That New Roof Over Your Head With A Job Loss Insurance Policy

Congratulations, you’ve built your first house! You might not have built it with your own two hands but you can probably attest to the amount of work that went into choosing the property, hiring a contractor, overseeing the construction, and everything else that goes into building your dream home. Now you must find a quality homeowners policy to protect that new dream home and these days, one of those is not complete without a job loss insurance rider.

Find the right policy here. You will be able to compare and contrast to find the most encompassing policy at just the right price for you and your family.

So why is job loss insurance important? Well, the home foreclosure crisis in recent years has left many-a-homeowner shelter less. Don’t be one of the unlucky ones. A job loss insurance policy will pay your mortgage through periods of unexpected unemployment. However:

• If you’re unemployed because of resignation, mandatory retirement, or are terminated because of criminal activities or misconduct then you can not get job loss insurance.
• If you own more than 10 percent of the business that employed you or are self-employed then you cannot collect job loss insurance.
• You must wait up to 60 days after the loan closes before you can start reaping the benefits of job loss insurance.

Also, a nice perk is that your job loss insurance provider will make your mortgage payments straight to your mortgage company so you won’t have to worry about being the middle man of the situation.

Keep Your New Home Yours With Job Loss Insurance

After all the blood, sweat, and tears you put into building your dream house and with jobs in all sectors being cut unexpectedly, you do not want to lose your new house as a result of not being able to pay your mortgage. That is why you need job loss insurance. Talk to a homeowners insurance agent today regarding this very special and very important type of homeowners insurance.

Published: Monday 26th October 2009