Mortgage Brokers Malpractice Quote Savings Exposed Now

Several factors influence the cost of malpractice insurance for mortgage brokers:

• Experience: More experienced brokers may benefit from lower premiums due to a proven track record.
• Claims History: Brokers with a history of claims might face higher premiums as insurers assess them as higher risk.
• Coverage Limits: Higher coverage limits generally result in higher premiums but offer more extensive protection.
• Policy Type: Different policies offer varying levels of coverage, impacting the overall cost.