Insurance Specialty Group LLC has developed Home Equity Loss Protection™ which is designed to inspire confidence in home buyers by safeguarding their down payment and equity investment in primary and second homes
Here’s how Home Equity Loss Protection™ works: If , during the first three years of home ownership, a home buyer experiencing a “Hardship Life Event and sells their home they are protected against a decline in their home value and a resulting loss of their down payment and equity.
Home Equity Loss Protection™ addresses the apprehension of potential home buyers regarding their ongoing ability to meet the financial obligation of home ownership should one the following “Hardship Life Events” occur:
1) Death.
2) Disability, lasting longer than the 90-day waiting period.
3) Involuntary unemployment, subject to the 90-day waiting period.
4) Relocation due to change of employment which results in travel of more than 200 miles from home.
Home Equity Loss Protection™ provides the home buyer with a Certificate of Protection which is backed by a third-party insurance company with over $200 billion in assets. The insurance company has a ”A+” XV rating from A.M. Best, an independent agency which rates insurance companies.
Home Equity Loss Protection™ can be distributed by “Program Sponsors” consisting of professionals working in the areas of: New Home Construction, New and Resale Real Estate Sales, Mortgage Banking/Brokering, Retail/Wholesale Insurance Agencies, and Title Companies.
Home Equity Loss Protection™ is designed to increase the Program Sponsors sales of their core product by allaying the fears of potential home buyers who are weary of an unpredictable residential housing market and weak economy.
Home Equity Loss Protection™ will:
- Stimulate housing demand by increasing consumer confidence.
- Provide home buyers with peace of mind when making their single largest purchase.
- Protect home buyers’ investment and down-payment, which constitutes a large portion of their life-savings.
- Reduce home buyers’ fear of a weak economy by providing protection against a decline in the value of their home.
- Differentiate Program Sponsors’ core programs from the competition.
Why Choose Us?
Insurance Specialty Group LLC and its business partners have extensive expertise in the residential home industry and in debt-cancellation protection for consumers.
Home Equity Loss Protection™ will promote increased sales of Program Sponsors’ core products and is properly collateralized.
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