You can pay your insurance premium with a credit card (American Express, Diners Club, Discover Card, Master Card or Visa) or with cash, check or money order. Your premium may be paid through an escrow account established by your mortgage lender, at your lender's discretion. If your lender requires you to buy flood insurance and escrows for other types of insurance or taxes, they are required to also escrow flood insurance premium payments. Your payment for coverage is due to your agent with your application. For details, ask your insurance agent or lender. Don't see your question? Go to the NFIP’s Answers to Questions.