Cancelled homeowner’s policy refund question

you got a big refund because of a difference in policy price or was the check sent to you the old policy amount? if so you may need to mail them a check for the amount of the new policy to be put into escrow. sounds like thats what they're asking for

I'm going to assume that your mortgage company paid the old policy, then you switched to a new insurance company and the mortgage company also paid the new policy...right?

So your mortgage company paid insurance twice and now you're trying to hang onto the refund money while you're escrow account is significantly in the negative?

I don't know if they have any recourse besides adjusting your monthly payment to recoup it, but they're not just adding it to the loan balance. They will always try to recoup escrow shortfalls in 12 months or less (possibly much sooner with what you're trying to pull). So get ready for your mortgage to go up by a few hundred a month until they makeup the shortage.

Simple answer:

Call your mortgage company and ask.

I had the same thing with two rental policies. They raised the monthly, but lowered after sending the refund checks.