Is Homeowners Insurance Prepaid? 
Typically , homeowner 's insurance , like most insurance coverage is prepaid . That is , you receive your bill for a year , six months or whichever billing mode you have selected , and it is paid . Your policy is then effective until it is cancelled and of course , you will receive subsequent billing notices . Ahomeowner ` sinsurance policy can be paid by a mortgage company if it is escrowed . 