Is Homeowners Insurance Paid By Escrow? 
This will depend on the type of loan and/or your preference when your loan funded . If you see part your mortgage payment contribution sent to an escrow account thenit can be either used for taxes only , insurance only , or a combination of both . It is best to contact your lender if you are unsure on the escrow assignments . Switching your home insurance means replacing the prior policy details with a new one for payment from your account . It also means that your escrow contributions will be recalculated , therefor either lowering or increasing your mortgage payment . 