Should You Insure Your Mortgage
With Your Lender or
An Insurance Specialist?
Mortgage insurance was created for the sole purpose that if something were to happen to you, your mortgage would be paid off. There are options that you should know about before you purchase mortgage insurance. The key to buying insurance to cover your mortgage is understanding the benefits and the downsides of the coverage being offered. Below are some common questions consumers ask when buying insurance. This will help you understand the key differences in obtaining mortgage insurance from your lender or as stand-alone life insurance coverage from an insurance specialist.