DMB Community Bank. A long-standing culture of community and entrepreneurship has allowed for multiple independent banks and credit unions in Madison, Wis., to prosper. Although,... Read more âº
Mine subsidence insurance costs $1 per thousand dollars worth of coverage a year. Private residences can be insured for $5,000 to $150,000. Other structures can be insured for up to $250,000. The insurance has a $250 deductible for residences and $500 for other structures. Only the structure can be insured, not its contents.
Lower prices and low mortgage rates have combined to make home-buying more affordable than it's been in at least a year, according to the California Association of Realtors. For all its benefits, job-loss mortgage insurance is no panacea. While the coverage can be free from some lenders and builders for the first year, there are costs for those who purchase the coverage direct. Also, critics say saving the premium to self-insure might be a better idea for such a short-term emergency. Personal financial and mortgage experts say insurance is best purchased as protection against major financial catastrophe -- death, the loss of a home or a lawsuit following an automobile accident.