If you have a mortgage, the most important protection you can have is
mortgage protection life insurance. Before we paid off our mortgage we had it. Mortgage protection insurance isn't the same as home owner's insurance. Home owner's insurance protects you by replacing damaged elements of your home, or against injury claims from visitors and guests. Mortgage insurance protects you against problems that prevent you from paying the mortgage. If you lose your job, if you get hurt, or reasons like that where you can't afford to pay your mortgage, you won't lose your home. Bottom line, you won't lose your home, is the most important kind of protection you can give yourself.