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What coverage is included in mortgage insurance?
Mortgage insurance has three components:
- Disability insurance: covers your insured mortgage payments if you are unable to work due to an accident or illness.
- Critical illness insurance: covers your insured loan balance if
you are diagnosed with cancer, stroke or heart attack.
- Life insurance: covers your insured loan balance in the event of your death, relieving your loved ones of a financial burden.
Related questions
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COVID-19: Are branch appointments continuing as usual? Interac e-Transfer® Autodeposit allows you to choose which bank account to automatically deposit transfers received by email. -
COVID-19 : How can I reduce the impact of my mortgage payment deferral? Given the current situation, our branch business hours have changed. -
COVID-19 : How to sign up for CRA direct deposit? Interac e-Transfer® Autodeposit allows you to choose which bank account to automatically deposit transfers received by email. -
COVID-19: What are the call centre business hours? Given the current situation, our branch business hours have changed. -
COVID-19: What are the modified branch business hours? Given the current situation, our branch business hours have changed.
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