What happens when there is another type of disability insurance and a claim is filed?
Unless there is a special clause in your mortgage disability insurance policy, the claim will be honored. Sometimes competing policies will only payout 50% due the presence of the other policy, but this is clearly spelled out in the policy. How is the mortgage disability insurance policy premium set? This is determined by the age of the policy holder, monthly mortgage payment and type of coverage requested. Does mortgage disability insurance cover cancer patients? Yes, most do. But to make sure, before signing any policy look at the specifics of what that particular policy does cover. There are exclusions in every policy. Before signing any policy make sure it has been thourghly read and understood. If there is a clause that is not understood and the insurance agent cannot provide a sufficient answer, ask to take the policy to an advisor. If this is not allowed, then be wary and find another policy with another agent. Is it a good idea to have Mortgage Disability Insurance? Yes, this w
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- What happens when there is another type of disability insurance and a claim is filed?
