When purchasing, we will talk to you about “mortgage insurance” if you have less than 20% down. CMHC or Genworth are the companies who insures your mortgage for your financial institution of choice. In addition to that, we also talk to you about obtaining insurance for your new home during the conditional period in your agreement to purchase. This insurance protects your home from such things as fire. Subsequent to that, we will have another conversation with you that will be followed up with your lawyer that has to do with Title Insurance.