We had the money saved but due to personal issues we had to use the money for other bills. The insurance is due on the 15th of Oct. We have tried to get a loan but have been turned down. Any help would be appritiated. Thank you.
2006-09-20 06:53:55 · 10 answers · asked by yclapp 1 in Politics & Government ➔ Law & Ethics
I live in FL. so insurance is a must of course.
2006-09-20 06:54:49 · update #1
And of course we live in a "A" flood zone so the total for HO and FLOOD insurance is around $3000.00 total for the year. Not an easy thing to come up with in two weeks. Then we have the taxes due soon also. Another $1000.00 to come up with. We refinanced earlier this year or the end of last year? and they did not allow escrow account. That is why it is up to us to pay it.
2006-09-20 07:12:34 · update #2
Not sure why your insurance company doesn't permit installment payments. Contact your agent and see if you can get an installment payment plan. If that's not available, consider switching to another company that offers an installment plan. There are hundreds of companies out there. Contact an INDEPENDENT insurance agent .
2006-09-20 07:00:53 · answer #1 · answered by Xeod 5 · 0⤊ 0⤋
When I had escrow, my lender wanted to maintain a $500 surplus (just in case property taxes went up). But if your homeowners insurance is also in escrow, that may have some effect if insurance rates in your area are uncertain. Are you in a storm prone area? Fortunately I got out of escrow with I refi'd in 2005.
2016-03-26 23:11:12 · answer #2 · answered by Anonymous · 0⤊ 0⤋
wow, look around for companys that do accept payments, or call the insurance company to see if they'll work with u. I bet in florida ins. is a lot huh? i bought my 4 bed 2 ba. home brand new in 2002, it's worth about 450,000 i pay 430. a yr on my ins. in california.
2006-09-20 07:02:53 · answer #3 · answered by Anonymous · 0⤊ 0⤋
They will probably foreclose on you . Do you have the homeowners included in your house payment? most companys do that now cause I live in fla and mine is in my mortgage payment. And we are getting ready to sell and move out of florida cause of the property tax issue. It is getting too exspensive to live anymore.. But they probably will for close on you so do try and get the money somehow so you will not be on the street. Good Luck to you . Also try to call them and make payment arrangements . Hope this helps.
2006-09-20 06:59:38 · answer #4 · answered by Kate T. 7 · 0⤊ 0⤋
I live in Florida too and it's pretty F'ing bad that we have to take out a loan to pay our insurance premiums. Try another insurance company. Insurance companies in Florida need to have a coup staged against them.
2006-09-20 06:57:59 · answer #5 · answered by Anonymous · 0⤊ 0⤋
They will ultimately cancel you if they do not receive it by the due date if they are not willing to work you. You may want to consider finding another company who will work with you on a payment schedule. Good luck!
2006-09-20 06:57:57 · answer #6 · answered by Stacy H 3 · 0⤊ 0⤋
well i work for Allstate insurance and we dont cancel right away we give about 2 weeks before we do... iwould recommend for you to go to a bank and try again for a loan there is nothing else you have to do . or barrow money...... i am sorry i can be more of help.
2006-09-20 07:06:50 · answer #7 · answered by mashakry18 2 · 0⤊ 0⤋
you got three weeks. i don't specifically know Florida law but you can expect the mortgage company to pay it and bill you quadruple the price ...
2006-09-20 07:01:58 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Why aren't your premiums included in your escrow?
2006-09-20 07:01:33 · answer #9 · answered by Zack 2 · 0⤊ 0⤋
MOST INSURANCE COMPANIES HAVE A GRACE PERIOD TO REINSTATE COVERAGE. CONTACT YOUR CARRIER AN ASK.
2006-09-20 07:05:38 · answer #10 · answered by Andrew A 1 · 0⤊ 0⤋