Lost job and wondering if mortgage insurance covers unemployment - need NYS Department of Labor claim guidance

File your unemployment claim with NYS Department of Labor immediately - don't wait! Mortgage insurance and unemployment benefits are completely separate things. Your UI claim won't affect mortgage insurance and vice versa. Most mortgage protection policies do cover unemployment but you'll need to read your specific policy terms. The unemployment claim should be your priority since there's a waiting period.

Yes, many mortgage protection insurance policies do cover unemployment situations, but the coverage varies a lot. Some only pay for 6-12 months, others have waiting periods before benefits kick in. You need to call your mortgage company or insurance provider directly to find out your specific coverage. Meanwhile, definitely get your unemployment claim filed ASAP.

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mortgage insurance is different from unemployment insurance just so you know... one pays your mortgage if you can't work, the other gives you weekly payments from the state. You can definitely apply for both at the same time.

The NYS Department of Labor website has gotten better but it's still confusing to navigate. When you file your weekly claims, make sure you report any income from insurance payouts if your mortgage insurance gives you cash payments directly. But if they just pay your mortgage company directly, that shouldn't affect your UI benefits. Keep good records of everything just in case there are questions later during adjudication.

ugh the whole system is so confusing when you're already stressed about losing your job!! I went through this last year and it took forever to figure out what I was entitled to. Just take it one step at a time and don't let them overwhelm you with paperwork.

I went through something similar when I lost my job in manufacturing. The key thing is that unemployment benefits and mortgage protection insurance are completely separate - you can and should pursue both. For NYS Department of Labor, file online as soon as possible since there's typically a one-week waiting period before benefits start. Don't let the mortgage insurance paperwork delay your UI claim. Most mortgage protection policies do cover job loss, but they often have their own waiting periods (mine was 60 days) and may only cover a portion of your payment. Call your lender's insurance department directly - they can walk you through your specific coverage. Keep all your layoff documentation handy for both claims. You've got this!