Did you know? - Vol. 12.4 - InsuranceHotline.com

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FEBRUARY 21, 2012

Did You Know? - Vol. 12.4

Did you know that mortgage insurance offered by the bank must be renewed with the mortgage?

It’s true. Upon renewing a mortgage, the mortgagee needs to re-apply and re-qualify for the bank’s mortgage insurance offering. Think about purchasing a 10-20 year term life insurance policy instead.

Click here to get a FREE life insurance quote.

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Khyati Chachra was very helpful Khyati Chachra was very helpful. Unfortunately, the guidelines she has to work with are too rigid. Because I live half a block into Scarborough I am penalized despite an accident free record of over 60 years and end up paying much more than my friends. There appears to be no negotiation.

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