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Typically, homeowner's insurance, like most insurance coverage is prepaid. That is, you receive your bill for a year, six months or whichever billing mode you have selected, and it is paid.
Your policy is then effective until it is cancelled and of course, you will receive subsequent billing notices. A homeowner's insurance policy can be paid by a mortgage company if it is escrowed.
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Your policy is then effective until it is cancelled and of course, you will receive subsequent billing notices. A homeowner's insurance policy can be paid by a mortgage company if it is escrowed.