What is the lowdown on mortgage reinsurance. Well, when you have something precious, you generally tend to want to protect it. And when you protect something, who takes the fall should something go wrong. Usually a company would sell on their liabilities and hope that the other company will take the flak. But who protects the guy who protects the other guy? Well, that is where mortgage reinsurance comes into play. You take protection out against your favourite assets so why not against these other things. There is more to life than worrying about what will happen should doomsday come. So bear this in mind when you come to take out plans such as this because peace of mind shouldn’t cost the earth but it should cost at least the same as a cup of tea, if not more. On a monthly basis that is, not the same price as a cup of tea yearly because that would be stupid.