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Benefit details
Job Loss Plan: Term Period, Vesting Period, Elimination Period, Benefit Period
Under Quicken Loans’ Total Home Protection Plan choice, your Job Loss Protection Plan covers you for 12 months from the date of your loan closing. The 1st 60 days after closing are the “Vesting Period” where there is no coverage for involuntary unemployment. If you become unemployed after the Vesting Period, the 1st 30 days of unemployment are the ‘Elimination Period’. Daily benefits begin on the 31st day of your unemployment. Monthly benefit checks would be made out to you and your lender for up to $1250 per month for up to 6 months if you are continuously unemployed. PDF Details
Mortgage Payment Protection Package (Option #2)
Vesting Period, Elimination Period are the same as Option 1, but the term of coverage is 24 months from the date of your loan closing. PDF Details
Identity Theft Protector and Restoration
Coverage lasts 12 months from the date of your loan closing. PDF Details
Appliance Warranty
Built-In Microwave, washer, dryer, dishwasher, refrigerator, range, oven or cook top is covered for a mechanical breakdown for 12 months. This warranty covers parts and labor (up to $1500 per appliance) to repair or replace the appliance. $50 Service Charge per visit applies. PDF Details
HomeOwners Deductible Reimbursement
If you make a claim on your homeowner's policy that is approved and greater than the amount of your deductible, this benefit may reimburse you for that deductible you pay up to $500 per occurence. PDF Details
FAQ's (PDF)
12 Month Payment Protection
Homeowners Deductible Reimbursement
Appliance Warranty
Identity Theft
24 Month Payment Protection
Term Life Insurance Quote Engine
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