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Mortgage payment insurance unemployment ******* Mortgage Unemployment Insurance – A Good Buy? by Neal Frankle, CFP ® , The article represents the author’s opinion. This post may contain affiliate links. Please read our disclosures for more info. To be frank when I see these three words (mortgage unemployment insurance) together, I just don’t see the connection, but you learn something new every day. Over the weekend I read that it may take seven years until we create enough jobs to get back to the level we were at prior to the meltdown in 2008. That being the case, job security is the name of the game. Am I wrong? So if you think you might be unemployed and looking for a new job, you might consider unemployment mortgage insurance. This is even more important if you want to avoid bankruptcy and foreclosure. What is unemployment mortgage insurance? It’s coverage that will pay your mortgage in case you lose your job. You collect if you are laid off or fired without cause. If yo...