Quote:
Originally Posted by Fuzz
You can cancel at any time, at least mine you could. I couldn't even do it at my renewal, I had to phone in and deal with a guy trying to convince me not to. Which made me even more certain it wasn't worth it.
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Mortgage insurance is a flat out terrible deal. We had it when we initially got our mortgage. Then we did some research. We called Slava, and got ~twice as much coverage that won't decline. It was ~40% cheaper. Plus, we have the option to keep renewing (at higher rates) at the end of the term.