When you're buying a house for the first time, you need to consider three different kinds of insurance. The problem is most people get them mixed up. The first kind of insurance is a default insurance; not everybody needs to get this, but when you do, it protects the bank from you going bankrupt and not paying them back. Its loan insurance on what they are giving you the second insurance would be like house insurance, so if there's a fire or a flood it's coming, you are covered and will be able to get to everyday life as soon as possible the third kind of insurance is a mortgage insurance and mortgage companies have this application of insurance built into their application process which means you might not even know that you are applying for insurance when you're there for a mortgage I'm not a huge fan of mortgage insurance life insurance has way more flexibility than mortgage insurance ever will if you want to review your insurances to make sure you have the best product to meet your needs you can contact me.