How does escrow work with my homeowners insurance payments?

You can escrow your homeowners premiums at any time through your mortgage company. Basically what happens is your pay your homeowners premiums inside your mortgage payment.

The mortgage company collects the homeowner premiums and then pays the bill in one shot at the beginning of the policy every year. This has advantageous tax consequences as well as being relatively convenient.

However, you can still change your homeowners insurance at any time to a more competitively priced carrier if you so choose.

Watch this video “How Does Escrow Work with My Homeowners Insurance Payments?” for more details:

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This is video #55 of a one hundred insurance video series that The Murray Group is producing to provide insurance consumers with quick, valuable answers to their everyday insurance questions.

If you have additional questions regarding homeowners insurance or if you would like to discuss and receive a quote for a homeowners insurance policy use the link below:

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Disclaimer: This article is for informational purposely only. There is no legal advice being suggested or proffered and the author assumes no responsibility or liability for the actions taken or not taken by the readers based upon such information.

created by Ryan Hanley

How does escrow work with my homeowners insurance payments? by
Ryan Hanley

Ryan Hanley

Director of Marketing at The Murray Group
Ryan is the Director of Marketing for The Murray Group Insurance Services, Inc. Ryan is also the Founder of Content Warfare Podcast, one of the fastest growing podcasts on iTunes dedicated to digital marketing.
Ryan Hanley
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