(919) 321-2886 | (336) 792-1170 ☰ ˟
All About Insurance Logo Logo Shadow
Pay My Bill File a Claim Español Find Location Donate Socks
Social Icon Social Icon Social Icon Social Icon Social Icon
Pay My Bill File a Claim
Español Find Location 
  • Products
    • Animal Collision Coverage
    • Arborist Insurance
    • Auto Insurance
    • Boat Insurance
    • Business Insurance
    • Garage Insurance
    • Health Insurance
    • Homeowners Insurance
    • Life Insurance
    • Motorcycle Insurance
    • Renters Insurance
    • Tow Truck Insurance
    • Trucking Insurance
    • Uninsured/Underinsured Motorist Coverage
  • Get a Quote
  • About
    • About Us
    • Premier Nationwide© Agency
    • Employee Directory
    • Our Locations
    • Testimonials
    • Privacy Policy
  • Logo
  • Blog
  • Resources
    • Refer a Friend
    • Important Links
    • Insurance Glossary
    • Newsletter Archive
  • Contact
    • Contact Us
    • Join Our Newsletter
Home > Blog > How Hard Is It To Switch My Insurance?
FRIDAY, APRIL 23, 2021

How Hard Is It To Switch My Insurance?

red colored pencil pointing at the word insuranceFor homeowner’s policies, you are usually paying insurance through your escrow account. The mortgage companies pay the insurance per year, not per month. So, if they have already paid the entire year and you switch insurance carriers, it can really confuse a lot of different parties involved. However; it can be done. 

After getting a new homeowner’s policy, you may receive a refund. Check with the mortgage company to make sure your escrow account is not short on funds. If it is, put the refunded money back into escrow. If it is not short on funds, then that money is yours to keep or to pay the new policy. Beware though: if you don’t do it correctly or a different agent that you do not work with is advising you of this, it can cause some real problems.

For an auto policy, it is best to switch at renewal. If you don’t, it could cause a lapse in coverage and trouble with the DMV. It can also cause what is called a short rate fee, which means they penalize you for cancelling outside of the policy effective dates/term. You have to make sure the new policy starts the same time the old one is cancelled. If you have questions, we can help. Visit Allaboutinsurance.com or call Therese at 919-931-5432.

 

Posted 1:30 PM

Tags: switch insurance
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2022
  • 2021
  • 2020

  • auto insurance(20)
  • all about insurance(18)
  • home insurance(16)
  • car insurance(16)
  • homeowners insurance(8)
  • insurance(3)
  • home(3)
  • north carolina(2)
  • covid-19(2)
  • protection(1)
  • insurance marketing(1)
  • nil(1)
  • unc football(1)
  • home improvement(1)
  • fire prevention(1)
  • new home(1)
  • defensive back(1)
  • hail damage(1)
  • roofing(1)
  • insurance agent(1)
  • car tips(1)
  • vehicles(1)
  • hail storm(1)
  • underinsured motorist coverage(1)
  • insurance tips(1)
  • halloween(1)
  • damage(1)
  • car accident(1)
  • siding(1)
  • commercial(1)
  • holiday bowl(1)
  • community outreach(1)
  • insurance discounts(1)
  • savings(1)
  • sock drive(1)
  • renovations(1)
  • employee(1)
  • carriers(1)
  • emergency preparedness(1)
  • motorcycle insurance(1)
  • home-based business insurance(1)
  • charity(1)
  • flooring(1)
  • coverage(1)
  • storm duck(1)
  • car checkup(1)
  • i hit a car(1)
  • uninsured motorist coverage(1)
  • business insurance(1)
  • switch insurance(1)

View Mobile Version
Have Questions?
Get In Touch
Resources
Get A Quote
Payment Options
Report a Claim
Our Carriers
About Us
Refer A Friend
Blog
Contact Us
Contact us
Auto: 919.321.2886
Home: 919.321.4663
or find a location
Email: info@allaboutinsurance.com
 Social Icon Social Icon Social Icon Social IconInstagram logo
© Copyright 2021. All rights reserved. Powered by Insurance Website Builder.