Hi Is credit insurance (pecuniary loss insurance) the same as creditor insurance? If not, what's the difference? Thanks.
... just one more thing. Is it correct to say that Mortgage Indemnity guarantee covers the lender (borrower pays the premium), whereas Mortgage loan insurance covers the borrower (borrower still pays the premium)? Cheers.
Sounds about right. Although in practice, who pays the premium can vary on any of these policies depending on the deal. For example, many MIG policies are paid for by the lender simply to make the whole deal more competitive.
