Current Events > If you have a house in escrow, you HAVE to have insurance?

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Cocytus
07/29/21 1:42:00 PM
#1:


Is that right? Wtf?
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Giant_Aspirin
07/29/21 1:45:39 PM
#2:


what do you mean by "a house in escrow"? when i got my mortgage the bank setup an escrow account that i paid into via my mortgage payment, then the bank took money out of that to pay the property taxes

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Cocytus
07/29/21 1:47:16 PM
#3:


Giant_Aspirin posted...
what do you mean by "a house in escrow"? when i got my mortgage the bank setup an escrow account that i paid into via my mortgage payment, then the bank took money out of that to pay the property taxes
Damn, I don't even understand my mortgage very well. I just pay it and hope everyone leaves me the fuck alone. Already paying a million dollars in insurance.
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Cuticrusader09
07/29/21 1:59:11 PM
#4:


Cocytus posted...

Damn, I don't even understand my mortgage very well. I just pay it and hope everyone leaves me the fuck alone. Already paying a million dollars in insurance.

Your mortgage company confirms that you have insurance on your house. They check every year. So yeah you have to have insurance on your house.

You dont have to have insurance paid out of escrow. You can pay it yourself. Unless there is something in your mortgage documents that says otherwise.
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Cocytus
07/29/21 2:51:13 PM
#5:


Cuticrusader09 posted...
Your mortgage company confirms that you have insurance on your house. They check every year. So yeah you have to have insurance on your house.

You dont have to have insurance paid out of escrow. You can pay it yourself. Unless there is something in your mortgage documents that says otherwise.
Thanks. Yeah I'm paying it separately.
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No_U_L7
07/29/21 2:52:09 PM
#6:


im going through this process right now, the answer is yes
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