What Is The Difference Between Mortgage Insurance And Homeowners Insurance? 
Hello ! I hope I can adequately answer your question . Mortgage insurance is basically life insurance , and either protects the family of a homeowner from a major debt if he or she should die , or protects the mortgage company 's interest by ensuring they are paid any outstanding balance on monies owed to them at the passing of the insured . On the other hand , homeowner 's insurance is property/casualty insurance designed to pay costs associated with an event or casualty that causes damage to the home or other structures on the covered premises . Thanks for the opportunity to share this information with you ! 