By obtaining a mortgage loan, it is the client's obligation to the bank to insure the mortgaged property based on the coverage requested by the Bank. However, the mandatory basis of the law is the insurance of the mortgaged home and not the choice of the insurance company. Every homeowner can go to any insurance company and choose the best plan for himself and his property. Specifically, the Consumer Credit Act provides the following: “Any insurance coverage that a mortgagee may require a debtor to conclude and maintain in respect of immovable property mortgaged to the mortgagee may be negotiated by the debtor with any insurer”.