How Does Mortgage Disability Insurance Work?

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    Peggy Mace
    Most of the U.S.
    Mortgage disability insurance policy features may be different for policies from different companies. But the general gist of mortgage disability insurance is that it makes your mortgage payments for your during a period of being disabled. The payments are in addition to any other disability insurance policies you might have, and go to the lender. There is also an elimination period as with regular Disability insurance.
    Answered on September 3, 2013
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