The purchase of a property is probably one of the most expensive deals that you make in life. It might be the case that you have spent a substantial fraction of your savings to purchase that dream home. However, people often neglect the fact that there may come a day when you may not be able to repay your home loan due to unforeseen circumstances such as death or becoming permanently disabled. To avoid putting you and your family in a situation where you are unable to repay the home loan and risk losing the roof over your heads, you can purchase mortgage insurance which will offer you financial coverage during times like this.