Taylor & Blair LLP was recently featured on the Advocate Daily where Kevin Blair discussed Mortgage Protection Insurance Denials.
For those lucky enough to have one, most people’s largest asset is their house, and their largest debt is their mortgage. For Canadians in general, and Vancouverites in specific, the cost of housing and the size of mortgages have ballooned to the point where they are some of the highest in the world. With the recent interest rate hikes many British Columbians are worried about being able to meet their mortgage obligations. It is not just a varied market that can stop people from meeting their mortgage payments, quite often an unexpected injury or illness, or even a death can prevent individuals from being able to afford their mortgage payments. Fortunately, there is a type of insurance to deal with these situations: mortgage protection insurance.