NLIC.org

Cynthia Said:

Can a mortgage broker's license enable people who aren't licensed for insurance to write ins quotes?

We Answered:

In some states yes, a supervised layman can duduce premiums, but not all. The person generating the quote needs to be an agent and most states require anyone dealing with the public to be licensed as an agent.

Linda Said:

Is is common for homeowners insurance much higher than mortgage?

We Answered:

Time to find a new homeowners insurance company.
Who insures your cars?
Call them, some companies work with partners for home insurance and you can get a discount by combining home and cars.
Google companies like Geico and Progressive and get the 800 numbers.
You get better prices when you call and ask for a quote than doing it online.
You have an insurance company that may have been recommended to you by a lawyer or a realtor.
They get a kick-back sometimes - time to call around and get one on your own...

Shane Said:

Mortgage papers say I must pay them £50 to NOT to use their insurance and £25 a year thereafter ?

We Answered:

I might be wrong, but I thought it was illegal to force someone (which is basically what they're doing) to tie their insurance to their mortgage.
I wouls do a search on the internet for the Association of British Insurers, and also for an Association for Mortgage Lenders and see if you can get some good advice.

Robert Said:

Do you HAVE to have homeowner's insurance if you have a mortgage?

We Answered:

Generally speaking, yes. If you fail to get homeowners insurance within a certain period of time, the Mortgage company will buy it, and bill you (and it will likely be more expensive than if you get it yourself). Not all companies will insure all houses (nor all drivers, nor all cars, etc). You might need to work the other way: find homeowners insurance then find car insurance with the same company to obtain the multi-policy discount.