Can I Pay My Homeowners Insurance Monthly? 
Most insurance companies provide a facility to pay monthly , usually by electronic transfer of funds from a checking account or credit card . There can be misunderstandings when the premium is paid monthly because the assumption is that the premium will be paid on the first day of the policy . What can happen is a customer can miss a payment and that sends the policy into lapse , which is a terrible thing because the mortgage company can then place insurance on the house that protects their interests and might be something you wouldnt have wanted . To top that off , you might still owe additional premium because the policy probably will remain in force for a few days while the company notifies you of the cancellation . 