You can always pay the insurance company directly for your homeowners policy, but you have other options. You can ask your mortgage company about escrow, which allows you to pay your homeowners insurance payment along with your mortgage payment. The homeowners insurance payment is placed into an escrow account where it is held by the mortgage company until the annual premium is met.
At that point, the mortgage company pays the homeowners insurance annual premium to the insurance company.
This allows you to break your insurance premiums into smaller payments and you only work with one company. Escrow may not be available for everyone. Check with your lender.
If you have any questions on your homeowners insurance policy or need us to help you find one, call Loftis & Wetzel Corporation at (580) 363-3434 for more information on Oklahoma City home insurance