Plan for the next renewal
An unexpected insurance increase can put pressure on the rest of your budget. Premium Lock by Eventual forecasts premiums and provides a performance guarantee: eligible amounts above the agreed threshold may be reimbursed. The threshold can differ from your current premium. A recurring service fee applies.
The service can work alongside an eligible existing policy. You do not necessarily have to change insurance companies. It is separate from your homeowners insurance and does not replace that coverage.
What does that mean for escrow?
Your servicer still budgets for the insurance bill it expects to pay. If that bill rises, your required mortgage payment can rise too. A separate reimbursement can help your household budget, but it does not automatically reduce the servicer’s bill or put money into your escrow account.
| Expense | How to think about it |
|---|---|
| Future insurance premiums | Qualifying amounts above the quoted threshold may be reimbursed under the agreement. |
| Property taxes | Tax changes remain part of your escrow planning. |
| An existing escrow shortage | Work with your servicer on the current balance and repayment options. |
| Premium Lock service fee | Include this separate cost when comparing your household budget. |
Keep making the payment your servicer requires. Do not subtract an anticipated reimbursement from your mortgage payment. Our calculators estimate escrow using your entered bills; they do not deduct possible Premium Lock payments.
Does my policy qualify?
Eventual’s published homeowner eligibility includes admitted homeowners policies. Excess and surplus lines, state insurers of last resort such as FAIR Plans, renters, and flood policies are excluded. Coverage changes can affect the threshold; confirm eligibility and current terms for your specific policy.
If your home needs a FAIR Plan or surplus-lines coverage, you still have useful next steps. Our free tools can help you separate insurance costs, taxes, and shortage repayment, so you can discuss the right questions with your agent and servicer. Eligibility for this service does not determine whether your insurance is right for your home.
Make the numbers clear before enrolling
Ask a participating agent for a written quote and the current agreement. Compare the service fee and quoted threshold with your budget. Confirm the term, limits, documentation, payout timing, and cancellation conditions. Ask specifically how an increase already announced or billed would be treated; do not assume it qualifies.
You can keep these questions with your next renewal notice:
- What would I pay for the service, and what threshold applies?
- What happens if I change coverage or insurance companies?
- When could a qualifying reimbursement arrive, and what must I submit?
Your current payment comes first
Start with the statement in front of you. Identify what changed, confirm the amount due, and then consider ways to prepare for future renewals.
Understand my payment increase →
Product information & sources
Prepared November 7, 2026 using Eventual’s published information. Eligibility, fees, and the signed agreement govern the service. Premium Lock is an Eventual service; our escrow tools do not determine eligibility or enroll you.