An escrow account helps ensure that expenses such as your homeowners insurance premiums and real estate taxes are paid on time. Escrow accounts can be created to hold funds to pay homeowners insurance and property taxes for the owner.Changing homeowners insurance with an escrow account can be simple. Discover how to make the switch in six simple steps. Escrow is a normal part of the buying process and it ensures your homeowner's expenses will be paid on-time and in-full. The Texas Department of Insurance requires escrow procedures to provide financial protection to consumers during real estate transactions. Navigate the escrow process when selling your Texas home. Learn about key steps, challenges, and essential preparations for success. Learn how to switch homeowners insurance companies when your premium is paid through escrow. Avoid a lapse in coverage with these steps.
