Debt Review School: Insurance On Your Home loan
Debt Review School
Did You Know?
If you have a bond don’t forget that you have insurance on the account. This could be home owners’ insurance and probably credit life insurance (in case you die, are incapacitated or lose your job).
Remember: This insurance amount might go up each year.
Please let your Debt Counsellor know if you get a letter from the bank about any changes to the insurance amount.