Home-loan insurance, also known as mortgage insurance, is a type of insurance policy that protects lenders against losses in the event that a borrower defaults on their mortgage loan. There are several synonyms for home-loan insurance, including mortgage protection insurance, loan protection insurance, and mortgage indemnity insurance. These policies are designed to provide lenders with added protection in the event that a borrower fails to keep up with their mortgage payments or defaults on the loan. They can also provide peace of mind for borrowers, as they offer protection against unexpected life events, such as job loss or illness, which could impact their ability to make mortgage payments.