Why Paying Home Insurance with Your Tax and Mortgage Payment May Not Be a Good Idea

Why Paying Home Insurance with Your Tax and Mortgage Payment May Not Be a Good Idea

If you pay your home insurance premiums through an escrow account that includes your property taxes and mortgage payment, you are not alone. In fact, far from it. It is estimated that 80% of homeowners take care of their property insurance payments in this manner. But is it a good idea?

It certainly is for mortgage holders, the local taxing authority, and insurance companies, but what about you?

Combining your home insurance with taxes and mortgage payments in an escrow account is convenient, for sure. But there can be issues with this approach. It can disconnect you from just how much you are paying for property taxes. It can also not provide an accurate feeling of what your mortgage is costing you. But it can cause even more issues when it comes to your home insurance.

When you pay your home insurance through a combined escrow account with taxes and your mortgage, it can be easy to forget about this critical coverage. You may ignore getting your home insurance policy reviewed, and you may miss out on coverage or find yourself paying too much. It can be easy to forget what your deductible is, who your insurance company is, and even how much you are paying.

Have you ever signed up for a subscription or “free trial” that you forgot about and paid for longer than you should have? A similar issue can occur with home insurance.

How do you fix it? Contact us for a no-obligation home insurance review. We can answer all of your questions about your homeowners’ insurance. Most importantly, you can get a free quote on an updated policy to suit your needs. You may appreciate the fact that you can pay for your home insurance premiums separately or decide to pay them through escrow. Either way, you can have confidence that your policy is updated and suits your current needs.

As independent home insurance agents, we are capable of reviewing home insurance policies from any company. We can shop through our network of insurance companies to provide the best value for your situation.

When was the last time you had your home insurance policy revived? If it has been more than two years, we invite you to reach out to us. This is particularly important if you pay your home insurance with property taxes and your mortgage. We look forward to assisting you.

Protect What You Love

Leave a Comment





Non-Profits Need Protection Too! Safeguarding Your Good Works with Insurance

March 28, 2024

Beyond the Grave: Burial Insurance vs. Life Insurance Explained

March 27, 2024

Cracking the Code: Your Car’s VIN and What It Means to You

March 26, 2024

The Aftermath: Proving Your Possessions After a Disaster

March 25, 2024

Lost in Translation: Skills of the Past That Young People Might Miss Out On

March 22, 2024

Beyond the Box Truck: When Does Your Business Need Special Vehicle Insurance?

March 21, 2024

From Bronze Age to Boomers: How Life Expectancy Went From Meh to Magnificent

March 20, 2024

From Chauffeur to Cheerleader: The Teen Driver’s (and Parent’s!) Guide to Car-Buying Chaos

March 19, 2024

When Branches Become Brawls: Who Pays When a Tree Attacks Your House?

March 18, 2024

From Pet Rocks to Pokémania: A Funtastic Journey Through 50 Years of Fads

March 15, 2024

Don’t Be a Sitting Duck: Essential Cybersecurity Tips for Small Businesses

March 14, 2024

Beyond “My Beloved Spouse”: A Guide to Choosing Your Life Insurance Beneficiary

March 13, 2024

Rental Car Roulette: Should You Spin the Wheel on Extra Insurance?

March 12, 2024

Bundling Up Your Homeowners Insurance: A Money-Saving Masterclass (or Myth?)

March 11, 2024

Bringing Home Baby: A Guide to Navigating the Joyful Chaos

March 8, 2024

See It All, Secure It All: The Hidden Benefits of Video Surveillance for Your Business

March 7, 2024

Life on the Edge? How Your Hobbies Can Affect Your Life Insurance Rates

March 6, 2024

The Costly Consequences of a DUI: Beyond the Backlash

March 5, 2024

5 Hot Cities Millennials Are Flocking To (and Why They’re So Awesome)

March 1, 2024

From Ride-Sharing to Reality: 5 Billion-Dollar Ideas Born in the Last Decade

February 29, 2024

Unveiling the Different Players (and Why We’re Your Guide!)

February 28, 2024

Beyond the Beep Beep: Unveiling the World of Supercars

February 27, 2024

Home Sweet Home, Protected Home: Why Upgrades Need Insurance Check-Ups

February 26, 2024

Beyond Nicknames: The (Sometimes Bizarre) Tales of How American Cities Got Their Names

February 23, 2024

Small Biz Squad Unite! Why Independent Insurance Agents Are Your Secret Weapon

February 22, 2024

Cracking the Code: Cash Value, Loan Value, Surrender Value – It’s All in the Life Insurance Policy!

February 21, 2024

Buckle Up for Safety: Are Cars Getting Smarter Than Crashes?

February 20, 2024

Love Your Home, Love Your Coverage: Smart Tips for Homeowners

February 19, 2024

From Herbie to Christine: Cars That Stole the Spotlight (and Maybe Your Heart)

February 16, 2024

Decoding Your Business DNA: Why SIC Codes Matter (and How We Can Help!)

February 15, 2024

Beyond the Payout: 6 Unexpected Perks of Life Insurance You Might Not Know

February 14, 2024

AutoPay Your Car Insurance? Cruise Control or Speed Trap?

February 13, 2024

Don’t Gamble with Your Home: Decoding the Odds with Homeowners Insurance

February 12, 2024

Employee vs. Contractor: Sorting the Suit from the Solopreneur

February 8, 2024

Poppin’ Pills and Counting Coins: America’s Prescription Drug Dilemma

February 7, 2024

Car Crash Calamity

February 6, 2024

Simple Steps to Keep Your Home a Flame-Free Zone

February 5, 2024

Ditch the Dinosaurs, Embrace the Dill: Your Guide to Quirky Museums Across the USA

February 2, 2024

Home Biz Hero: Should You Suit Up with Business Insurance?

February 1, 2024

Ditch the Piggy Bank, Grab the Plan: Your Adulting Health Insurance Guide

January 31, 2024

Oh Deer! Crash Course on What to Do After Hitting an Animal

January 30, 2024

Unveiling the Origins of Everyday Expressions

January 26, 2024

New Year, New Armor: 6 Ways to Shield Your Business in 2024

January 25, 2024

Life Insurance: Who’s Who in the Zoo (of Coverage)?

January 24, 2024

Private Property Crash? Don’t Panic, Just Play CSI! (Well, Sort Of)

January 23, 2024

Big Game Halftime Shows We Can’t Forget

January 19, 2024

Professionally Awesome, Legally Untouchable

January 18, 2024

Don’t Fear the Four

January 17, 2024

Cruisin’ Through Time

January 16, 2024

Treasure Trove or Insurance Trouble?

January 15, 2024

Baby Name Game: From Mary to Olivia, 100 Years of Popular Picks

January 12, 2024

Ditch the Clichés, Cupid! Budget-Friendly Valentine’s Day Ideas That Spark Joy, Not Debt

January 12, 2024

Oops! Employee Mishaps Got You Down? Insurance to the Rescue!

January 11, 2024

Cracking the Code: Why Your Health Insurance Bill Isn’t One-Size-Fits-All

January 10, 2024

Beyond Driving the Basics: 15 Life Skills Young Drivers Need (Before They Need Them)

January 9, 2024

Homeowner’s Insurance Secrets Revealed: 7 Quirky Factors Affecting Your Rates

January 8, 2024

The Fab Four: Unveiling Surprises About the Beatles

January 5, 2024

Bricks and Mortar: Protecting Your Small Business with Comprehensive Insurance

January 4, 2024

New Year, New Resolutions: 5 Ways to Refresh Your Life Insurance

January 3, 2024

Roadway Chaos: Dangers and Responsibilities of Unsecured Loads

January 2, 2024

Contact Us

-CONTACT US

OUR LOCATION

Have A Question?

We have an answer. Call us at 408-709-1177

598 E Santa Clara St Ste 205 San Jose , California 95112

408-709-1177
CA License #0G64896

© Copyright 2024 StarOne Valley Insurance Agency  |   All Rights Reserved
Site by ICA Agency Alliance

598 E Santa Clara St Ste 205 San Jose , California 95112
408-709-1177
CA License #0G64896

© Copyright 2024 StarOne Valley Insurance Agency  |   All Rights Reserved
Site by ICA Agency Alliance