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Posted by
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Homeowners Insurance Question
Posted by tdavi48 on 4/1/13 at 7:36 pm00
Just bought a house and the lady at the bank gave me some Insurance quotes and said she could add it to my monthly payment. I asked her if I could get my own quotes and she said yes. My question is, if I bundle my auto, homeowners insurance could I still roll it into the payment?
when you say "roll it into the payment" I assume you mean that your mortgage company will set up an escrow account for homeowners insurance and property tax. I have geico and the homeowners and auto policies are bundled together. The homeowners policy is escrowed by the mortgage company.
quote:
if I bundle my auto, homeowners insurance could I still roll it into the payment?
You get the bundle discount from the insurance company regardless of how it's paid but no, you can't pay your auto insurance out of your escrow account.
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re: Homeowners Insurance QuestionPosted by Chad504boy on 4/3/13 at 12:35 pm to bigwheel
quote:
no, and it not a good idea. Over the years you will trade autos, or drop collision. but you will still be obligated to the monthly note
hah
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