The Escrow account for the home insurance policy can be a little confusing, especially for First Time Home Buyers. I simply the process in this video. This is a common question for home insurance agents. In my experience this process is not explained very well in the home closing process.
If you are buying a home for the first time, you will want to watch this video. It will help explain how your home insurance payments work. They are very similar to your property taxes.
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