Why is it necessary to insure real estate for all cases

As a rule, mortgage insurance is considered mandatory. As for other types of property protection — this is a voluntary matter.

However, insurance companies with mortgage lending readily offer you additional products that can protect your property from all sides. So, title insurance with mortgage lending is mandatory. Thanks to him, the borrower is insured from the loss of ownership of property that he acquired. The next two types of insurance with mortgage lending are life and health insurance and property itself. When life and health insurance, there is an insurance of complete or partial disability, which will avoid delay in the payment of a mortgage loan, making all payments on time.