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How is PrivateMI different from other types of insurance associated with homeownership?

April 26, 2017associated different homeownership Insurance privatemi types

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How is PrivateMI different from other types of insurance associated with homeownership?

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PrivateMI is not mortgage life insurance, which pays off a mortgage if you die or become disabled. It is not homeowners’ insurance, which protects you from loss from theft, fire or other disaster. Mortgage insurance protects the lender and investor from loss, not the borrower.