Disasters happen all the time.  So what are the best types of items that every home owner should consider on there home mortgage insurance policy?  The first thing that everyone must do is understand there surroundings.  For instance are you located in a flood zone.  Is your home located in a high wind area?  These details can give you a great idea on what you should and should not include in your mortgage insurance policy.  Small changes can make a big difference in your premiums.  Make sure that you take your time to make sure that you understand your coverage and your deductibles.  Many people do not know that their base deductibles are not the same if a Hurricane or a Flood should occur.  Most deductibles fluctuate in case of a hurricane or flood which can lead you to be forced to pay the first $5000 out of your own pocket.  If you happen to find cheap mortgage insurance through a broker make sure they go over the policy with you.  Most are well trained.