09/09/2026
When buying a home, there are a few different types of insurance you may hear about, and they donβt all do the same thing!
π Home Insurance
Protects your home and belongings and is typically required by your lender.
π¦ Mortgage Default Insurance
Required when putting less than 20% down. It protects the lender and is added to your mortgage.
π Title Insurance
Protects against certain title issues, including title fraud and ownership defects.
β€οΈ Mortgage Protection Insurance
Optional coverage that can include life, disability and critical illness to help protect you and your family.
Thereβs already a lot to learn when buying a home, and understanding what each type of insurance actually does can make the process a little less confusing!
Have questions about the mortgage process? Iβm always happy to help.
Tara Babineau, Mortgage Associate
π± 506-871-5492
π§ [email protected]