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How is mortgage insurance coverage determined for financed mortgage insurance?

In: Insurance, Homeowner's Insurance, Mortgage Insurance, Loans, Mortgages, Money Management [Edit categories]

Answer:

If you mean mortgage protection it is usually the amount you require per month eg £100 of insurance cover per month might be £6 per £100 for example

If you are talking about bldgs insurance then the lender should tell you in their estimation of how much the property would costs to rebuild and you should insure this for a minimum of that amount.

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First answer by MortgageWhizz. Last edit by MortgageWhizz. Contributor trust: 0 [recommend contributor ]. Question popularity: 2 [recommend question].

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