Is 30Thirty Insurance?
30Thirty is an option not insurance. 30Thirty is only for homeowners and not investors, so you must live in your home for the first 30 months after you purchase it. Then you have the next 30 months to sell your home to Equassure for the price you paid, in accordance with the terms and conditions of the Residential Purchase Agreement. You can exercise your 30Thirty Option for any reason, but during the option term you are also free to sell your home on the open market and keep any profits. The decision is up to you.
How much does 30Thirty Cost?
Each 30Thirty Option is individually priced based on Equassure’s underwriting of the home, the local market and other factors. The option price is a one-time up-front fee that will generally be around 2.5% of the purchase price of the home. If you roll the cost into a 30 year mortgage it works out to about a dollar day for a $300,000.00 house at current interest rates.
How do I pay for 30Thirty?
The one-time option fee is paid to Equassure at the close of escrow when you purchase or sell your home. By including the 30Thirty option fee in the purchase price of the home, you can roll it into the mortgage. For a $300,000.00 home, you can get the full protection of 30Thirty for about a dollar a day.
How can Equassure offer this option for
such an affordable price?
Most homeowners move during the first five years only because of some unforeseen change in their life or the economy. Before 30Thirty, the homeowner bore 100% of that risk. 30Thirty protects homeowners by spreading that risk over many homeowners, making the cost of individual protection affordable.
Where is 30Thirty Available?
30Thirty is being offered in select markets in California.