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What is Disaster Mortgage Protection (DMP)?

April 26, 2017disaster mortgage

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What is Disaster Mortgage Protection (DMP)?

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If the insured home becomes unlivable for 48 hours due to a disaster such as fire, flood, earthquake, hurricane, tornado, or hailstorm, this policy pays the monthly mortgage, including taxes and escrows, for up to 2 years. In the event that the home is permanently unlivable this policy pays the homeowner’s policy deductible and may help pay the balance of the mortgage.