What Kind of Canadian Mortgage Insurance Quote Do You Want?
What do most people think about when they think about mortgage insurance? I want to protect my family in case anything happens to me, but I want to get the best quote possible.
And these are the two reasons you should not take the mortgage insurance your lender offers. First of all, you may not be protecting your family, and secondly, you are definitely not getting the best quote. Remember that you do not have to take the policy your lender offers, and probably should not.
SHOP AND COMPARE THE EASY WAY
Shop around if you want to get the best Canadian Mortgage Insurance quote, and the best place to shop is Infoprimes.com, using their 3-step calculator to the right.
Here are some of the incredible savings Infoprime.com’s customers have seen:
A 33 year old non smoker with a 35 year, $200,000 mortgage saved $23,266 in insurance premiums with personal policy with Infoprimes.com instead of the policy from his lender. In his case, $23,266 could pay for 20 months of his mortgage.
If you have a larger mortgage, of course you will save even more on your premiums. If the same applicant, above, had a $300,000 mortgage, his savings would be $41, 879!!!! The difference in these Canadian Mortgage Insurance quotes can mean a big difference in savings, as you can see.
MAKE SURE YOU GET THE POLICY THAT WILL PROTECT YOU
In addition, at Infoprimes.com, you can be totally secure that your family is really covered.
Be careful about this. Many policies offered by lenders are actually specialized policies that are processed after a claim is received (so-called “post claim policies). If the insurer can find a reason not to pay the claim, you may as well have never had any insurance.
The reason this happens is because each applicant has to complete long, complicated application, not with an insurance agent, but with the bank officer, who may not be qualified to answer any questions you have about the application. Some people even complain that the questions are confusing on purpose, so that you are more likely to answer wrong.
Why would they do this? To avoid claims, of course. If there is a claim, your application will be reviewed. If they find that you answered anything incorrectly, you are out in the cold, with no insurance coverage. Let’s say you said “No” to whether you have had a diagnostic test for heart disease, and yet your doctor’s assistant takes your blood pressure each time you go for a physical. You’ve unknowingly lied, and your claim can be denied.
YOUR FAMILY’S SECURITY IS AT RISK
Don’t take these kinds of risks with your family’s security. You can get the best Canadian Mortgage Insurance quote and still have a real policy that protects you family simply by using Infoprime.com’s life insurance calculator at the right. Do it now; it only takes a few minutes.