Question by ~♠♥CJ♥♠~: What other types of insurance do you have besides homeowners, auto, health, and life?
I just bought a house and I’m about to get married. I’m thinking I should have some kind of insurance that could pay the mortgage should I ever become unable to work since I am the main breadwinner and there’s no way my soon to be husband could pay all the bills himself. He could probably hack it without the mortgage payment, that would be the killer. Anyone in the same boat? What kind of insurance is the best for this, disability or mortgage insurance?
Best answer:
Answer by mbrcatz
You’re talking about disability coverage. There are two kinds, short term, and long term. I think short term is a waste of money, you’re better off just saving up for that one. Many people rely on social security disability for long term disability – which can take a LONG time to activate.
You do NOT want to buy mortgage disability – if you’re buying ANY kind of insurance, you want it to pay YOU, not the lender.
Give your answer to this question below!