Insurance worksheet · Free download
Flood Insurance Escrow Review Worksheet
Trace a flood-insurance premium change through the mortgage payment without assuming the escrow statement decides whether flood coverage is legally required.
2 pagesNo email requiredEditable + printable
Actual first-page previewFlood Insurance Escrow Review Worksheet
Before you fill it out
What this resource helps you document
Trace a flood-insurance premium change through the mortgage payment without assuming the escrow statement decides whether flood coverage is legally required.
01Policy record
02Servicer projection
03Payment impact
04Unresolved coverage questions
Federal baseline to check
Use the form with the rule, not instead of the rule.
These templates organize facts and records. They do not create a borrower right that the underlying regulation, loan terms, investor rules, or state law does not provide.
- This worksheet audits escrow math only; it does not determine whether federal flood-insurance law or the loan contract requires coverage.
- If a flood-insurance premium is an escrow item and the next charge is known, Regulation X requires the servicer to use that known amount in its escrow estimate.
- For escrow items billed on a cycle longer than one year, Regulation X provides a multi-year collection method rather than forcing the amount into a single annual cycle.
Use this resource carefully
- Confirm whether the premium change came from the carrier, a coverage-limit change, a flood-zone determination, or a servicer estimate before attributing the payment change to escrow error.
- Record policy term and payment frequency exactly; annual, multi-year, and installment premiums behave differently in the escrow trial balance.
- Questions about whether flood insurance is legally required should be handled separately with the servicer, insurer, and applicable flood-program guidance.
12 CFR § 1024.17CFPB Regulation X § 1024.17 — Escrow accountsOpen primary source ↗
Scope notePolicy/program-specific flood rules may also apply
CFPB consumer guidanceHow to dispute an error or request mortgage informationOpen CFPB guidance ↗