Quote:
Originally Posted by Rob
This sort of insurance is just another way to cover inappropriate lending.
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I suppose that is the case in some instances. However, it's also entirely possible that someone could be extremely credit worthy when they take the loan, only to be made redundant a couple of years later, and saddled with a potentially large mortgage that they can no longer meet the payments on.
Such an insurance system would seem to be handy in these cases.