Mortgage insurance
 For information on insurance guaranteeing payment of the mortgage in the event of death or disability see mortgage life insurance.Mortgage Insurance (also known as mortgage guarantee and home-loan insurance) is an insurance policy which compensates lenders or investors for losses due to the default of a mortgage loan. Mortgage insurance can be either public or private depending upon the insurer. The policy is also known as a mortgage indemnity guarantee (MIG) particularly in the UK.