Home equity insurance

{
  "id": "MLC-T-INS-001731",
  "term": "Home equity insurance",
  "field": "Insurance and risk management",
  "definition": "A type of insurance that protects homeowners against a decline in the value of their home's equity due to specific external factors, such as widespread economic downturns or localized market crashes. This coverage is distinct from standard homeowners insurance, which protects against physical damage to the property. It aims to safeguard the financial investment in a home.",
  "url": "https://mlchart.com/terminology/insurance/home-equity-insurance/"
}