homeowner's insurance sux!
so last night i come home and find a nice check from my morgage company detailing that i am getting some money back from my escrow account based on what was actually spent for the year. plus, it says my morgage payment is going down based on the lower monthly escrow. yay me. but as i read through the anticipated fees for next year, i see that my insurance premium is listed as $213 for the year. that's like $1000 less than what it really is. if i just left it, i knew i would end up in a bad situation like policy cancellation or having to come up with a large sum of money at once. so of course i have to make like 10 calls to get the resolution process started. what happened was my insurance company did an inspection in august and found that some of the house was actually not concrete, but i guess wooden frame (upstairs). so it actually increased by $213 a year and my mortgage co was billed that fee. they never paid it, so now they think that is the premium for next year. i wish i could just pay it myself, it would be a lot easier than making a billion calls and trusting that people do their job right.
so my insurance agent is issuing another invoice to the mortgage co, who then needs to re-do the anticipated fees so the mortgage amount will be correct going forward. things would be much easier if i could just send the check, then i know it is done. instead i'll have to make another 50 follow up calls for something that i didn't even screw up.
my mom already thinks i pay too much for insurance, and now it is even more. on top of that, when we set it up, we only insured for the mortgage amount cause that's what was required. i should have done it for the appraised value. if hurricane season is bad and it should destroy the home completely, i'll never be able to buy another house since our down payment was so large. i'll have to see if i can increase that too now. anyone know any good insurance co's in florida?
so my insurance agent is issuing another invoice to the mortgage co, who then needs to re-do the anticipated fees so the mortgage amount will be correct going forward. things would be much easier if i could just send the check, then i know it is done. instead i'll have to make another 50 follow up calls for something that i didn't even screw up.
my mom already thinks i pay too much for insurance, and now it is even more. on top of that, when we set it up, we only insured for the mortgage amount cause that's what was required. i should have done it for the appraised value. if hurricane season is bad and it should destroy the home completely, i'll never be able to buy another house since our down payment was so large. i'll have to see if i can increase that too now. anyone know any good insurance co's in florida?