Affordable Coverage for the Unexpected

You work hard to enjoy a home with your family. But what if something happened and you can no longer make your mortgage payments? For help protecting your lifestyle and so much more, choose HomeProtector® Insurance for your RBC Royal Bank® mortgage.

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Customizable

Choose life insurance only — or add critical illness or disability insurance for more comprehensive protection.

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Affordable & Convenient

Premiums are locked in based on your age and mortgage balance when you apply and added to your regular mortgage payments.
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Affordable & Convenient

Premiums are locked in based on your age and mortgage balance when you apply and added to your regular mortgage payments.
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Easy to Apply

In most cases, acceptance is automatic.

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Builds on Existing Coverage

Receive benefits on top of other coverage you may have, such as through your employer.
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Builds on Existing Coverage

Receive benefits on top of other coverage you may have, such as through your employer.
  • Life insurance pays off or reduces your mortgage balance (up to $750,000) if you pass away.
  • Life insurance also covers prepayment charges, any overdrawn property tax account balance and any “cash back option” penalty amounts you owe, if you pass away.
  • Critical illness insurance pays a lump sum to your mortgage balance (up to $300,000) if you are diagnosed with a life-altering critical illness.
  • Disability insurance maintains your mortgage payment (up to $3,000 per month, for up to 24 months) if you experience a disability and your doctor says you can’t work.

Note: Life Insurance is part of all coverage plans. You cannot be insured for both critical illness and disability insurance at the same time on the same mortgage.

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How much will it cost?

Get a quick quote to see what your HomeProtector Insurance coverage would cost.

Get a Quote

Apply Now

  1. Sign in to Online Banking.
  2. Under "Personal Accounts" select the Account Detail page of the mortgage you want to insure.
  3. Click the Apply link.

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Other Ways to Apply
  • Am I eligible to apply?

    • Eligibility Requirements for HomeProtector® Insurance

    To apply for HomeProtector life insurance, you must be:

    • The individual borrower, co-borrower or guarantor of an RBC Royal Bank mortgage
    • Age 18-65 on the date you apply
    • A Canadian resident living in Canada at least six months of the year

    To apply for HomeProtector disability insurance, you must also:

    • Have HomeProtector life insurance coverage
    • Be actively working on the date of your application1

    To apply for HomeProtector critical illness insurance, you must also:

    • Have HomeProtector life insurance coverage
    • Be under age 56 on the date you apply

    Note: You cannot be insured for both critical illness and disability insurance at the same time on the same mortgage.

     1) You must be actively working in full-time employment, self-employment or seasonal employment. Full-time employment means actively working in Canada at least 20 hours a week on average (based on the 28 days immediately prior to the application date). Actively at work does not include leaves of absence such as, but not limited to, sick leaves.