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Many people find purchasing investment properties in Florida an attractive option in creating revenue streams. Some out of state residents will purchase a property here to build equity and potentially move into it. Others may rent it seasonally and become a “snow bird”. Still others buy investment properties to expand their financial portfolio.
Term life insurance can play an important role in protecting those involved in buying investment properties. It can provide a significant amount of coverage at a low cost-per-thousand price. Term insurance covers the life of the insured for a specific period of time. In the instance of investment properties, it can be taken out for the period of the mortgage. In fact, to save even more, investors can purchase decreasing term insurance. The amount of decreasing term insurance coverage gets less as the years pass to coincide with the lower balance owed on the mortgage.
If you are an investment property owner in the Pembroke Pines, FL area, we invite you to contact us at McCormick Insurance. We are an independent insurance agency that can get quotes from multiple insurance carriers. In the case of term insurance, we can find a large amount of protection for a very affordable price. Contact us and let’s discuss your investments and how we may better help you protect them.
Let us demonstrate the power of working with an independent insurance agency by visiting our website. There you can get an online quote for your homeowners or auto insurance. Answer a few questions and our independent agents will get to work. We may be able to save you money, improve your coverage, or possibly both! Contact us soon and get the coverage you deserve at a price you can afford.
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