Home Protection
Mortgage Protection Insurance Ottawa
Mortgage protection is about helping your family keep choices if the unexpected happens. Personally owned coverage can often be more flexible than coverage attached to a lender.
What mortgage protection can cover
Coverage is commonly designed to help clear or reduce a mortgage balance if you pass away, giving your household breathing room during a difficult time.
- Mortgage balance protection
- Income replacement for household stability
- Debt protection beyond the mortgage when appropriate
- Family-owned coverage that can move with you
Personally owned coverage
Many homeowners are offered mortgage insurance through a bank or lender. A personal policy is different: you own it, choose the beneficiary, and can often keep it even if you refinance, switch lenders, or move.
Good moments to compare options
- Before closing on a new home
- When renewing or refinancing a mortgage
- After getting married or having children
- When reviewing bank mortgage insurance
- When your income or debt picture changes