I had State Farm and in our settlement, the seller paid our first year of homeowner’s insurance and the payment was made to State Farm in full. We have switched to a different company and will be getting a reimbursement for the what wasn’t used. My current quote with the new company is for auto/home combined. It was $127 a month for both, and $140 if we just wanted auto. So, does this mean that the premiums include our homeowners policy fee, and that this reimbursement coming back from State Farm can go back to us? Or, are we required to turn it over to the mortgage company so that they will pay our new insurance company in full?
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