“Americans are worried about the housing market and their home values, as they should be,” said T.J. Agresti, CEO of EquityLock Solutions. “We believe Home Price Protection can help rebuild the market by giving owners peace of mind, so when they do sell their homes, they will not lose money on their biggest asset because the overall market is struggling.”
Home Price Protection is available to homeowners who are currently purchasing or already own their home. The product covers the home for 15 years with a one time premium of roughly 1.5 to 3 percent of the value of the home. The homeowner is eligible to make a claim after 24 months of the contract and is protected up to 20 percent of the home value. The home is not protected by the product should it go into foreclosure, but is protected in a short sale.
EquityLock Solutions also offers A-rated, carrier-backed debt protection products for consumers, landlords and commercial property owners.
Agresti added that the company and the Home Price Protection product claims reserves are regulated by the
For more information on EquityLock Solutions and its product offerings, please visit www.equitylocksolutions.com.
Source: EquityLock Solutions