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Home & Mortgage Insurance

What You Need to Know

If you are a homeowner or planning to buy a home, you may have heard of home and mortgage insurance. But what are they and why do you need them? In this article, we will explain the basics of these two types of insurance and how they can protect you and your investment.

Home insurance is a policy that covers your home and its contents from damage caused by fire, theft, vandalism, natural disasters, and other perils. Home insurance can also cover your liability if someone gets injured on your property or if you cause damage to someone else’s property. Home insurance is usually required by your lender if you have a mortgage, but it is also a smart way to safeguard your most valuable asset.

Mortgage insurance is a policy that protects your lender in case you default on your loan. Mortgage insurance is usually required by your lender if you have a low down payment (less than 20% of the home’s value) or a high loan-to-value ratio (more than 80% of the home’s value). Mortgage insurance can lower the risk for lenders and make it easier for borrowers to qualify for a mortgage. However, mortgage insurance does not cover you or your home; it only benefits the lender.

The cost of home and mortgage insurance depends on various factors, such as the value of your home, the amount of your loan, the type and level of coverage, the deductible, the location, and your credit score. You can shop around for different quotes from different insurers to find the best deal for your needs. You can also lower your premiums by increasing your deductible, improving your credit score, installing security systems, or making home improvements.

Home and mortgage insurance are important tools to protect yourself and your lender from financial losses. By understanding how they work and how much they cost, you can make informed decisions about your home purchase and ownership.

Home and Mortgage Insurance

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Our Customer Reviews

Here are a few things our customers have said about us on Google Reviews.

Seth Hoover
Seth Hoover
July 8, 2024
Great customer service! Very helpful to me on the phone and got the answers I needed when called!
Abigayle Forrester
Abigayle Forrester
July 7, 2024
A truly amazing group that really care about their customers!!! I highly recommend them.
Nick Espinoza
Nick Espinoza
July 5, 2024
I really appreciate the quick callback after message. Mr Clements answered all the questions I had and assured me that I am taken care of. Thank you again!!
Frank Covernale
Frank Covernale
July 4, 2024
Thank you Mike for always being available and helping us with all of our insurance needs! You are very knowledgeable and we appreciate everything you have done for us over the years!!
Gabe Hyde
Gabe Hyde
July 3, 2024
Micah took care of my family. I highly recommend asking for him. I didn’t know I need certain coverage. Thank you!
Aden B
Aden B
July 3, 2024
Onto my 3rd vehicle getting insured with Voyage. They make it easy with amazing prices! Excellent customer service and will continue using them!
Joy Dumag
Joy Dumag
July 2, 2024
Michael C. Is always fast to reply no matter what time it is!
Garrett Nickelson
Garrett Nickelson
July 1, 2024
Micah has gone above and beyond to help out my family and I. We had a lot of questions along the way and he helped us through each one. Great customer service and great quotes. Could not recommend enough!
Jose Luis Vela Sr
Jose Luis Vela Sr
June 29, 2024
Very satisface Sandra ramirez its a excelent
Christy Gay
Christy Gay
June 27, 2024
I've been using Voyage Insurance Group for many years. They always find the best insurance for the lowest price for me. All the work they do makes my life easier and I appreciate that about them!