Banking 101 – Insurance

Sometimes life can take an unexpected turn. With optional Scotia Creditor Insurance Protection, your Scotiabank debt payments are maintained or paid in full, in whatever situation you encounter.  

Learn more about what our optional creditor insurance products can do for you. 

Did you know…

For over 63% of Canadians, their homes are their biggest investment. But what if something happens that prevents you from making payments?*

Did you know…

Debt is a major source of stress for one quarter of the Canadian population. When things get a little tough, Creditor Insurance Protection can help.**

Useful tools


Line of Credit Insurance Premium Calculator 

This calculator will let you input information about your line of credit, and calculate your estimated insurance premium.  


Mortgage Insurance Premium Calculator 

See how much it would cost to insure your mortgage payments based on your individual needs. 


Credit Card Insurance Premium Calculator 

Find what your estimated premium could be for Basic or Comprehensive protection insurance coverage on your Scotiabank credit card balances. 


Creditor Insurance Protection Planner 

Calculate how much creditor insurance you might need to protect your Mortgage, Credit Card or Line of Credit debt. 

Let’s have a conversation

A good financial plan can help you accomplish your short and long-term financial goals. A simple chat with our Scotia advisors will get you on the right track.