Frequently asked questions

Is homeowners insurance included in a mortgage?

Homeowners insurance is not part of your mortgage loan agreement, but many homeowners choose to have their insurance policy premium rolled into their monthly mortgage payment.

As homeowners insurance is a requirement of a mortgage, it’s common for lenders, including Better Mortgage, to establish and manage a mortgage escrow account which they use to collect and pay your homeowners insurance premiums on your behalf.

Discuss your options with a Better Cover insurance expert

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