{"id":46,"date":"2019-02-26T03:00:00","date_gmt":"2019-02-26T15:00:00","guid":{"rendered":"https:\/\/www.wvinsure.com\/blog\/?p=46"},"modified":"2019-02-25T13:20:06","modified_gmt":"2019-02-25T19:20:06","slug":"reading-your-home-insurance-mortgage-statement-term-to-term","status":"publish","type":"post","link":"https:\/\/www.wvinsure.com\/blog\/reading-your-home-insurance-mortgage-statement-term-to-term\/","title":{"rendered":"Reading your home insurance mortgage statement : Term to term."},"content":{"rendered":"

If it’s your first time getting home insurance, then you will soon come to find out that there’s a nice little legal document that’ll come in the mail every few days; there’s typically one sent out per month, and it’s called the mortgage statement. And regardless of what specific home insurance terms you have obliged yourself to, in addition to the home insurance you’ve purchased on the home and its mortgage, you’ll usually find the same set of 8 elements <\/em>within the document:<\/p>\n

1. Company contact info. (for the mortgage company and\/or the insurance company) – This will usually include the main point of contact, possibly a 1-800 number, the billing address from the sender, and more.<\/p>\n

2. The loan number – This is basically your account number. Don’t lose it.<\/p>\n

3. The current interest rate – It shows how much interest you are paying on the mortgage, and\/or on the insurance covering it.<\/p>\n

4. The escrow balance or taxes paid – If, as the borrow, you choose to simply set aside an escrow (or have the mortgage company do it for you), then you’ll see this escrow in your monthly payments. It’ll display in the currency amount set; if you’re living in the U.S., for example, and the mortgage loan and insurance are based there, then you’ll see it in $ USD. <\/p>\n

5. The totaled monthly payment – On a separate line<\/p>\n

6. The central escrow – With date included<\/p>\n

7. The interest payment – Your current APR<\/p>\n

8. The principal payment – Pay it off first. <\/p>\n

Wine Valley Insurance Services serves Napa, CA with precision and clarity of mind, offering undisputed customer excellence in its every scope. Check them out today to learn how you may be assisted with any insurance query. Call or click now. <\/p>\n","protected":false},"excerpt":{"rendered":"

If it’s your first time getting home insurance, then you will soon come to find out that there’s a nice little legal document that’ll come in the mail every few days; there’s typically one sent out per month, and it’s called the mortgage statement. And regardless of what specific home insurance terms you have obliged […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[5,6],"class_list":["post-46","post","type-post","status-publish","format-standard","hentry","category-home-insurance","tag-napa-ca","tag-wine-valley-insurance-services"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t