Generally, Homeowners insurance is paid at the inception of the policy. As you can imagine, an insurance company doesn't like to provide coverage without payment. You can pay your premiums all at once or in payments that can be as often as monthly, but you'll always be paying ahead. The insurance company won't usually let you get behind.
If your insurance is paid through your mortgage company escrow, they will pay the entire premium and then collect a portion from you every month. They'll repeat this every year. They can do this because you usually have to pay your first year up front. Then, they're collecting for next year.
Agency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482
When you are buying your home, more than likely the Mortgage Company will requires you to show proof of Homeowners coverage at or prior to the closing. In many cases this will mean that you'll need to purchase your policy in anticipation of your closing date. From that point forward, your insurance premiums will be due at each policy renewal date, which will be the anniversary of the date your coverage began. Your Insurance Professional can discuss other payment options offered by your Insurance company, including semi annual, quarterly or monthly unless your mortgage company requires that they be paid via an escrow account.
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If your insurance is paid through your mortgage company escrow, they will pay the entire premium and then collect a portion from you every month. They'll repeat this every year. They can do this because you usually have to pay your first year up front. Then, they're collecting for next year.