What Is The Difference Between Pmi And Home Insurance? 
PMI insurance and home insurance are completely different . Home insurance protects you , the home owner , from damages or liability with regards to your house and property . PMI insurance on the other hand protects the mortgage holder from you . PMI insurance protects the lender from losing their money in case you can not afford to make your mortgage payment . Because of this insurance , they are willing to provide more money to the home buyer than they would based on collateral alone . 