Industry NewsMortgage

BofA providing death, dismemberment coverage on mortgages

Police, firefighters, teachers, medical workers eligible for free insurance
Published on Aug 8, 2007

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by CareyBot

Bank of America says it will provide up to $300,000 of insurance coverage with special mortgages designed to help police officers, firefighters, teachers and medical workers buy homes in the communities they serve.

Bank of America says the insurance -- which covers the mortgage payments of public servants who are killed, paralyzed or dismembered -- is not a marketing ploy.