Many Canadians have bought or considered buying insurance from a bank to protect their real estate investment. Unfortunately it looks like this type of coverage might not serve a homeowner’s best interest, according to this article done by CBC Marketplace:
” the bank staffers selling mortgage insurance are unlicenced and rarely trained to explain the details and legalities of those insurance products. The result is people who pay premiums and think they are covered, only to realize later that they are not”…
