As my regular readers know, we recently had some issues with our insurance company. They threatened to drop us if we didn't get our roof replaced. When we couldn't get it done by their deadline (which was unreasonable mind you), they did in fact drop us. I submitted proof of the replacement on the same day they sent us a refund check which meant I then had to send them payment for the rest of our policy year in order to get reinstated. I'd even gotten a notice saying that our policy was reinstated a couple weeks ago.
To my horror, when I got the mail today there was a refund check from the insurance company. My first thought, "Oh no! They dropped us for good this time." As soon as I got inside, I called the insurance company and found out that not only had I paid for my insurance policy, so had my mortgage company so the refund was valid.
But.... that meant that my escrow is probably low, so rather than wait for the bank to call me, I gave them a quick call to see how quickly I needed to deposit the check and then send them their payment. Much to my surprise, I was informed that only a portion of the amount of the refund check needs to be sent to the mortgage company to cover the shortage. It turned out to be only 16.5% of the check in fact.
This particular snafu, meant that rather than my insurance company refunding me the overage in my escrow come March, I got it today. Wahoo! Oh, and I also found out my mortgage payment will be going down soon (although only slightly), because our new insurance premium is going down as a result of the new roof.
Sometimes the thing in the mail that you think is scary isn't. Sometimes it's God helping you out when you need it.
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