Do mortgage brokers provide home insurance as well?
Veda P asked:
Do mortgage brokers provide home insurance as well?
Valeri Derck
Do mortgage brokers provide home insurance as well?
Valeri Derck
Generally, no. They can hook you up with mortgage insurance but not homeowners.
Yes, some of them can provide insurance through the company that does the loan. However, they are usually bare bone policies. They do not have extended replacement coverage ( a cushion in case your home cost more to fix then it its insured for) and the perils that are covered are fewer than most policies. Also some do not offer liability coverage. You want liability coverage. Make sure it is a name you recognize and have a number to an agent that you can call and ask questions to.
I have never used a mortgage broker, but when I got my home loan from a state bank, they had an insurance agency within the bank who quoted me about the same price for a major insurance company in my area (Kemper) as other quotes I got elsewhere. The same person handled the appraisal for the bank, so they knew what I needed, and it was convenient for proof of insurance for closing.
homeinsurance.awardspace.us – try this one. Got my home insurance from them. As I know they provide such a service.
By google to collect some related information or you may try using answer engines like yahoo answer or yedda.com to get some related ideas.nonetheless,If you prefer some direct resource,here is a good one from my own experience.