Is Mortgage Insurance And Homeowners Insurance The Same Thing?

  1. 14231 POINTS
    Tom Sheehan
    Agency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482
    No, not really.  Mortgage Insurance is usually a type of Life Insurance, customarily term, that is designed to cover an amount needed to pay off a mortgage n the event that the Homeowner dies.  Homeowners' Insurance on the other hand is coverage that protectes your home from covered perils such as fire, wind, theft, etc.
    Answered on July 24, 2013
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