Home Loan Insurance: Necessary or Optional? Home Loan Insurance: Necessary or Optional? Discover whether Home Loan Insurance is obligatory or discretionary. Explore the advantages and disadvantages of obtaining insurance for your home loan to empower yourself with informed choices. DSIJ Intelligence / Tuesday, May 21, 2024 0 1546 Article rating: 3.8 Ensuring your loan liability is protected with an insurance policy is crucial, but is it obligatory to purchase it directly from the lender? Find complete details inside. Read more