Are you buying a house? Do you have an escrow account? Want to know how it works and where you homeowner’s insurance comes into play.
Most of the time when you have an escrow account, the purpose of this account is to collect money throughout the year to pay your taxes and property insurance.
When you first close on a new mortgage that mortgagee will require you to pay the first years insurance premium for your house in full. This way they have a year to collect for the next years future payment. All future insurance bills will be sent directly to them.
There are a lot of steps involved when buying a new house. Some can be confusing and frustrating. Don’t let getting insurance be one of them.
Contact us for a quote on your homeowner’s insurance so our team can walk you through the process and explain everything so you understand it.
For more information on how you can save money on your insurance give us a call (315) 437-2983 or visit us https://www.crowleyinsurance.com/