Mortgage protection insurance
Optional life and/or critical illness insurance coverage to help pay off all or part of your mortgage should you pass away, suffer a covered critical illness or accidental dismemberment during the mortgage term covered.
Line of credit protection insurance
Optional life and/or critical illness insurance coverage to help pay off all or part of your line of credit should you pass away, suffer a covered terminal illness or accidental dismemberment during the mortgage term covered.
CMHC mortgage loan insurance
Mandatory insurance coverage if you have a down payment of less than 20% of the value of the home you are purchasing.
Home insurance
Coverage to help protect your property and belongings. Usually, lenders require you to purchase this type of coverage to secure and maintain a mortgage or HELOC.
Title insurance
Optional coverage you typically purchase through your lawyer when completing a real estate transaction. This type of insurance can protect you and your lender from issues related to the ownership, or title, on your property. This type of coverage was in the news recently due to reports of increased title fraud, likely as a result of identity theft.