Will mortgage companies reimburse you if you pay out of pocket for home owners policy?
2 months ago I recieved a check from our insurance company for the amount of 1 year annual premium for home owners insurance. Unsure what to do I just put the money back into my escrow with my mortgage company.
About a week later I get a message from our insurance stating that refund check was in error and they want the money back, so I called and said sure but it’s with my mortgage company again and they’ll have to cut you another check. At the time they sent a request for payments.
Fast forward to this week I checked on it and it still hasn’t been paid and I have until May 6 until my coverage lapses. I can call my bank Monday and talk when they are in for business hours but if I pay my annual premium out of pocket can I be reimbursed from my escrow balance just the same as they’d pay the insurance just in case we are running out of time?