In the past year in Spain has increased considerably insurance to guarantee the payment of mortgages. The main reason is that they have suffered costly mortgage loans because of Euribor.

The purpose of these policies is to ensure the payment of contributions in the event of death, disability or unemployment of the holders of the mortgage. In fact, it's mandatory insurance to compensate for the financial institution where the mortgaged house is destroyed by fire.

One of the reasons for the rise in the number of such insurance is the fact that its price is not too high and does not increase so emphasizes the amount of the mortgage.