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El Paso Texas Insurance Agent Flor & Associates Insurance

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protection

Private Mortgage Insurance with Mortgage Protection Insurance

August 23, 2019 By Flor Caballero Lynch

financing-3089937_960_720Say you want to buy a house you really like, but couldn’t get together such a large down payment—you could get a Private Mortgage Insurance policy along with your mortgage and get into your house without waiting and saving over a long period of time! You’ll be able to get into the home that you really wanted!

If you were the cautious type, and want to make sure nothing happens to your house–you also could get a Mortgage Protection Insurance Policy! By doing this you are making sure that you won’t lose your house if you are injured or dead, giving you the ability to leave something of value, your home, to your family if something were to happen!

After a few years of paying down your mortgage, you will finally come to accounting-761599_960_720the realization that you are above 20% equity paid into the house! That’s when you get rid of your Private Mortgage Insurance policy and you’ll only have your Mortgage Protection Insurance policy (And your mortgage too of course!) to pay for from here on out! Give it a shot and feel good knowing your home is protected!

Filed Under: Homeowner Insurance, Insurance Tagged With: home, house, insurance, mortgage protection insurance, private mortgage insurance, protection

Mortgage Protection Insurance Is A Great Way to Reduce Your Risk

August 16, 2019 By Flor Caballero Lynch

real-estate-475875_960_720If you know you have found the house you plan to stay in until you grow old—you should definitely consider getting Mortgage Protection Insurance! Another scenario to consider is if you have a large amount of equity in a property and are still paying your mortgage, you’ll want to make sure it is secure using Mortgage Protection Insurance if anything were to happen to you!

If you have a high risk profession, such as military, police, firefighting—it is also worth considering getting a Mortgage Protection Insurance Policy to protect your house if you get injured, fall ill, or die. If you have a family this is especially paramount andarchitecture-1836070_960_720is always worth consideration! Since you are protecting others and their assets, shouldn’t you also protect your own assets?

It will be an extra cost on top of your mortgage each month—but if you want to ensure you keep your property for your family when you pass away or become injured then it is a great idea to get a Mortgage Protection Insurance policy for your home!

Filed Under: Homeowner Insurance, Insurance Tagged With: home, house, insurance, mortgage, mortgage protection insurance, private mortgage insurance, protection

Surety Bonds

July 2, 2018 By Flor Caballero Lynch

What is a surety bond? Say you opened a business in commercial contracting and you have to get bonded according to your state’s regulations.building-2762319_960_720

You may be asking, why do I need this? This surety bond is enacted so a consumer can do business with a qualified contractor with some piece of mind—which the government wants to help negate risk to facilitate the local economy. If a contractor does not do his job correctly due to negligence or malice (Say they are lazy and decide to cut corners, or did not live up to contract terms), then the customer can file a claim against the bond since the underwriter guaranteed their work!

binding-contract-948442_960_720The difference between this and an insurance plan is the company that bought the bond cannot make a claim against it! Surety bonds are usually made to protect the customer as well as the bonded company in higher risk business scenarios and in situations, but if you are the bonded party and do lose your bond, the surety company will be expected to be reimbursed in full! The surety buyer’s protection is very short lived!

By Aaron Young

Filed Under: Business Insurance, Insurance Tagged With: bonded, contractor, insurance, protection, surety, surety bonds

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Think Insurance, Think Flor

4420 N. Mesa St
El Paso, TX 79902

(915) 996-9799
FAX: 1-866-514-3064

flor@florinsurance.com
www.florinsurance.com

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