close
    Why do you pay escrow to your mortage company and pay monthly homeowners insurance to your insurance co. each month?

    0  Views: 975 Answers: 2 Posted: 13 years ago

    2 Answers

    You can have your mortgage company purchase homeowners insurance, in fact if you don't carry it yourself many mortgage companies will purchase it and add the cost to your house payment. The problem is usually it's much more expensive if they buy it, compared if you buy insurance yourself.

    My mortgage is with Chase and my escrow pays my taxes and homeowners insurance premiums.


    Top contributors in Insurance category

     
    ROMOS
    Answers: 15 / Questions: 0
    Karma: 1110
     
    country bumpkin
    Answers: 13 / Questions: 0
    Karma: 795
     
    Colleen
    Answers: 38 / Questions: 0
    Karma: 750
     
    Benthere
    Answers: 1 / Questions: 0
    Karma: 540
    > Top contributors chart

    Unanswered Questions

    keonhacai5tvcom
    Answers: 0 Views: 6 Rating: 0
    win55video
    Answers: 0 Views: 4 Rating: 0
    hb88photo
    Answers: 0 Views: 13 Rating: 0
    webgameshbet
    Answers: 0 Views: 5 Rating: 0
    Bagaimana Cara Memainkan Dragontiger4d ?
    Answers: 0 Views: 14 Rating: 0
    tgo88net
    Answers: 0 Views: 12 Rating: 0
    ugtrtvvnet
    Answers: 0 Views: 10 Rating: 0
    > More questions...
    453330
    questions
    720116
    answers
    758781
    users