Differences Between Home Insurance and Home Loan Insurance
Discover the key differences between home insurance and home loan insurance. Learn how each type of coverage protects your home and finances, helping you make an informed decision.
Home Insurance
- Covers fire, theft, riots & natural disasters
- Policy term up to 10 years
- No impact on down payment
- Covers construction cost & current market value of contents (after depreciation)
Home Loan Insurance
- Covers death, illness, or job loss of the borrower
- Policy term matches remaining home loan term
- Helps reduce down payment
- Covers the outstanding loan amount
Protect your home & finances wisely!
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