Mortgage Protection Insurance

Secure Your Home's Future: Mortgage Protection Insurance for Peace of Mind

How Mortgage Protection Insurance Works

Contact us today to discuss your options.

When tragedy strikes, mortgage protection insurance can help save your home. You pay a set premium for the duration of the policy. If you should die during the policy period, the insurance company pays out a death benefit. In the case of a disabling injury, MPI makes it possible to continue making your monthly mortgage payments.

The type of death benefit depends on the type of policy you put in place. In the past, mortgage protection insurance was designed to pay off the outstanding balance on the mortgage. Today, many policies will pay out the full amount of the original mortgage, regardless of how much you still owe. Beneficiaries can use the funds to pay off the mortgage in one lump sum or for any other purpose.

You can buy the policy when you purchase your home, or within a certain time period after closing. The time limit is generally 13 to 24 months, although it may be as long as 5 years with some companies. This insurance is typically issued on a guaranteed acceptance basis, which is valuable for people who have health issues and might be uninsurable or only insurable at a higher rate.

Pricing for mortgage protection insurance depends on the age of the insured, the size of the mortgage, and whether the insured is a smoker. If you are buying, or have recently bought, a home, our local agent at Eastern Insuring Agency in Plattsburgh, New York, can assist you with mortgage protection insurance.

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Jean M., customer since 2017

Very easy to deal with.

Customer since 2024

They were very helpful, above and beyond.

Arthur P., customer since 2024

Eastern Insurance Agency is great to work with! The staff is always courteous and very helpful I would certainly recommend them for all your insurance policies!

Darwin L., customer since 2008

Quick, friendly and professional staff!

Terry D., customer since 2014

Eastern Insuring is a trusting insurance company you can count on! Fast, efficient and courteous.

Ellen M., customer since 2009

Everybody in your office is vary professional . Vary informative, and they keep in contact with clients.. Thank You..

Francis L., customer since 2017

Answered all my questions even though I don’t come from Plattsburgh

Mario M., customer since 2023

The Franklin County Land Bank (FCLB) is a new non-profit entity that acquires and improves tax-delinquent properties so that they can provide affordable housing for Franklin County (FC) residents. A portion of the FCLB funding is provided by NYS Homes and Community Renewal (HCR). FCLB required several different types of insurance to meet the requirements of FC, HCR, and other coverage. Frank Shambo solicited proposals from multiple insurance companies to provide the required coverage and negotiated the best pricing for FCLB. Since FCLB is a new entity without a track record, some companies would not provide any quote, making the effort more challenging. Frank provided excellent advice and service.

Customer since 2023

I appreciate that my insurance needs are taken seriously. From the first telephone conversation with Kylie I was confident our business was in good and capable hands. I have always received great service with our insurance needs.

Kathleen G., customer since 2023

Penny knew I was in a pinch and did not hesitate to find and secure coverage for me immediately. I called her approximately an hour before they closed on the day before Thanksgiving and she had me set and squared away before closing.

Customer since 2023

FRIENDLY, COURTEOUS, HELPFUL, HELPED ME UNDERSTAND CERTAIN THINGS, HAD THE ANSWERS TO MY QUESTIONS,.............AND SAVED ME MONEY WITH MORE COVERAGE !

Timothy B., customer since 2010

Your office assisted us in clearing up several issues. We really appreciate you taking your time to assist us. It's good to know that there's someone available locally. Thank you.

Customer since 2003

You were all very friendly and made me feel like I mattered as a person.

Customer since 2023

Your staff is always friendly and kind. You are always willing to help your customers in a timely manner. Hope this helps. Merry Christmas!

Lisa D., customer since 2023

Very friendly and are quick to help thank u all for the great customer service and happy holidays

Erin B., customer since 2023

Very responsive and helpful service at every step!

Customer since 2023

I feel that Kylie works quickly to answer my questions.

Customer since 2023

Friendly service and easy to do business with.

Micheal M., customer since 2023

Very good at getting back to you with any questions updates etc. The team works together and there's always someone to answer the phone Monday through Friday. Everyone is always friendly and professional

Customer since 2023

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