Is there insurance included in mortgage financing?

Some mortgage programs include or require life insurance, property insurance, or both, and the cost may be included in the monthly payment or separate.

Key points

• Ask the bank about the type of policy, the insurance company, the coverage amount, exclusions, and who is responsible for the premium.

• Don't compare two loans based solely on the monthly payment; include the cost of insurance and mandatory expenses in the total cost.

The figures, fees and limits in this answer vary by bank and change over time — confirm them with your bank or the official source before acting.

Source

• Central Bank of Egypt — Consumer Protection

• Banque Misr — Individual Mortgages