Any purchaser with less than a 20% down payment is required to obtain insurance to protect the lender. Any purchaser with less than a 20% down payment is required to obtain insurance to protect the lender. The insurers are CMHC, Genworth and Canada Guaruntee. Your mortgage broker arranges this for you and usually the insurance premiums are included in the mortgage amount. The bad news is that you have to pay an extra insurance premium. The good news is that this type of