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Mortgage insurance

For information on insurance guaranteeing payment of the mortgage in the event of death or disability, see mortgage life insurance.

Mortgage Insurance (also known as mortgage guarantee and home-loan insurance) is an insurance policy which compensates lenders or investors for losses due to the default of a mortgage loan. Mortgage insurance can be either public or private depending upon the insurer. The policy is also known as a mortgage indemnity guarantee (MIG), particularly in the UK.

Usage examples of "mortgage insurance".

There's fire and theft, there's mortgage insurance, title insurance, earthquake insurance, comprehensive-whatever that means, because it's incomprehensible to me.

There's fire and theft, there's mortgage insurance, title insurance, earthquake insurance, comprehensive—.

There's fire and theft, there's mortgage insurance, title insurance, earthquake insurance, comprehensive&mdash.

Like the man who sells your parents a vacuum cleaner or mortgage insurance.