The yearly savings is only $35.00
2007-11-27 12:55:32 · 6 answers · asked by noname 2 in Business & Finance ➔ Insurance
You have to look at how much your premium is, too. If it's $350 a year, I'd pay by the year, for $35. That's 10%.
Me and my husband, we pay ours every 6 months - but the premium is $2K, and it's only $6 for the installment charge.
2007-11-27 13:46:47 · answer #1 · answered by Anonymous 7 · 0⤊ 0⤋
i will basically talk for IL, yet maximum lenders require info that there is an coverage plans on the abode earlier than remaining. maximum additionally require info that the 1st years expenditures have already been paid. I even have considered some circumstances wherein the shopper became into looking forward to money at remaining and the lender agreed to enable the 1st years coverage expenditures be paid with that, inspite of the shown fact that this is incredibly uncommon. in case you're setting up an escrow account, any coverage expenditures after the 1st 12 months would be paid from that. touch your loan broker provider or own loan officer. they might allow you to comprehend in the experience that your coverage needs to be in place in the previous remaining. Then touch a interior sight agent and have them call the lender for the mortgagee clause.
2016-11-12 22:44:01 · answer #2 · answered by Anonymous · 0⤊ 0⤋
How much is the $35.00 worth to you. If you could afford paying the annual rate, just paid it off in lump sum. You would saved that $35. On the other hand if semi
annual payment work out the best for you, you have no choice but to pay for the extra fee.
2007-11-27 13:08:44 · answer #3 · answered by C 3 · 0⤊ 0⤋
Hey there! $35 doesn't sound like its that much but it is YOUR money. Is it better in your pocket or theirs? Now if it is differcult for you to come up with the money once a year you need to set up a spending plan that has the monthly need for the homeownes ins. included. But some people like paying however they like no matter the cost. If you include it in your mortgage they charge you interest for paying it for you and if you put it in a good money market you can actually earn interest on it throughout the year.
2007-11-28 04:23:44 · answer #4 · answered by jeffery d 5 · 0⤊ 0⤋
Even $35 is probably pretty hefty for six months for half of your insurance bill, but it depends on how much it is total.
2007-11-27 13:00:14 · answer #5 · answered by Judy 7 · 1⤊ 0⤋
mine is included in my mortgage pmt so I don't have to worry about it
2007-11-27 14:43:10 · answer #6 · answered by Anonymous · 0⤊ 1⤋