Is Homeowners Insurance Paid In Arrears?

  1. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    Insurance is generally paid in advance.  The theory is that the premium is paid before the policy starts and claims are paid at the end of the policy period.  Of course with computers companies are able to provide payment plans that break the premium down into monthly installments.  They also pay claims as they are settled.
    Answered on June 16, 2014
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