Is Homeowners Insurance Included In My Mortgage? 
Some lenders require that they include an escrow account to collect money from you for future renewal premiums in order to in their minds better protect their interest in your home . In that case , then the money that you send your lender each month would include principal and interest on your loan and a certain amount for this insurance escrow account . In some cases , they also collect for your annual property taxes as well . When your policy renews , your insurance company would then bill your mortgage company and they would pay your renewal premium in full at that time . This process would continue so long as you remained with that lender . 