this post was submitted on 28 May 2024
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United States | News & Politics

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[–] owenfromcanada@lemmy.world 13 points 1 year ago

In my area, it's standard to pay for home insurance (as well as property tax) through your lender for the term of your mortgage. A portion of your monthly mortgage payment goes into its own savings account, and they use that account to pay those bills when they come up.