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Mortgage Insurance is an insurance policy which compensates lenders for losses as a result of a default of a mortgage loan.
The policy is also known as a mortgage indemnity guarantee (MIG).
Mortgage insurance is typically required when down payments for a Mortgage are below 20% of the purchase price of a property.
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Helpful links
ABI – Association of British Insurers – The Association of British Insurers is the leading trade association for insurers and providers of long term savings. … need to contact their insurer for a Green Card which they will need to carry on them if they wish to drive their vehicle in the EU.
BIBA – British Insurance Brokers’ Association – The British Insurance Brokers’ Association (BIBA) is the UK ‘s leading general insurance organisation.
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