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TD Mortgage Insurance: What Does It Cover and How to Access It?

Acquiring a home is one of the most substantial financial decisions you can make. That's where the Toronto-Dominion (TD) Bank, one of Canada's largest banks, steps in. TD Bank provides an entire suite of financial offerings, including mortgage insurance. But what exactly does this type of insurance cover? Let's dive into the details and discuss various ways you can explore further on TD's online banking platform, mobile app, and by calling their customer service.

What Does TD Mortgage Insurance Cover?

In essence, TD Mortgage Insurance helps protect your home in the event of an untimely occurrence, such as death, critical illness, or job loss, that may make it difficult for you to meet your mortgage obligations. Here are the fundamental aspects of coverage.

• Life Coverage: This pays off your outstanding mortgage balance up to $1,000,000 should you pass away.
• Critical Illness Coverage: This pays off your outstanding mortgage balance up to $500,000 if you're diagnosed with a covered critical illness.
• Disability Coverage: This makes your monthly mortgage payments, up to $3,000 per month for up to 24 months, if you are unable to work due to disability.
• Job Loss Coverage: This makes your monthly mortgage payments, up to $3,000 per month for up to six months, if you become involuntarily unemployed.

Now that we understand the coverage TD Mortgage Insurance provides, let's explore the options to further inquire about it through online banking, TD's mobile app, or by calling TD's customer service.

Accessing TD Mortgage Insurance Information via Online Banking

TD's online banking platform, EasyWeb, makes accessing information about mortgage insurance just a few clicks away. Once logged in, navigate to 'Insurance,' then choose 'Mortgage Insurance.' Here, you can explore coverage options, policy details, get a quote, or even apply for coverage directly.

Accessing TD Mortgage Insurance Information via the Mobile App

The TD mobile app is another convenient way to check information about mortgage insurance. Once you've downloaded the app and signed in, select ‘Insurance’ from the menu, then tap on ‘Mortgage Insurance.' Much like the online banking platform, the mobile app allows you to peruse coverage options, receive quotations, and apply for insurance directly from your smartphone or tablet.

Contacting TD Customer Service for More Mortgage Insurance Information

If you prefer to discuss mortgage insurance directly with a TD representative, their customer service is ready to assist. You can call 1-888-983-7070 Monday through Friday during standard business hours. The expert staff can provide details about coverage, give quotes, handle applications, and answer any questions you may have.

In a nutshell, TD Mortgage Insurance is designed to offer you peace of mind. Now that you understand what it provides and how to access information about the policy, you can make an informed decision based on your specific needs.