BMO proposes a wide range of home insurance services, including BMO tenant insurance, mortgage insurance, etc. All these services are usually needed when getting a mortgage loan in the bank.
The insurance cover protects against disability or job loss. You can select the coverage between 50% or 100% up to 3,000 AUD monthly. The benefits are paid for up to 24 months per disability or up to 6 months for job loss. A 30/60-day qualifying term is required respectively.
You must be a Canadian resident between 18 and 55 years old.
To apply for the insurance cover, you may: