When looking for a mortgage, it can be difficult to find the right deal. You need to make sure that you obtain the best interest rates possible, whilst ensuring you can still afford to pay for a proper level of mortgage protection.
Without the protection scheme, you may find yourself in a position where you are unable to keep up payments, if you find yourself out of work, or on sick pay, for example.
Back in Britain, when the property market crashed, we knew of people who had taken out remortgages on their property, and ended up in negative equity, where they owed more money than the house was actually worth, so always make sure you get good advice before committing to any financial contracts.