What is mortgage insurance Canada?

When you have a mortgage, you provide protection for the mortgage by the lenders. Mortgage insurance is such a policy which against death insures the mortgage. After the death of the person who takes this insurance policy, the insurance policy payout the balance amount to his family taking away the responsibility. So there are many insurance policies of different kinds which provide protection against the risks and damages caused by the uncertain events. Here are some of the insurance policy’s benefits –
>> You have the choice of selecting your nominee.
>> You are capable of changing the coverage according to your needs.
>> The mortgage insurance policy in Canada is more affordable for all people.
>> This policy continues your coverage even when you go to the new house.
>> By the mortgage insurance policy you are safe and protected against any kinds of risk and damage.