Can You Not Have Homeowners Insurance?

  1. 14231 POINTS
    Tom Sheehan
    Agency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482
    Yes of course, provided that you do not have a mortgage.  If you have a mortgage, then the finance sompany or bank will require you to have Homeowners Insurance as a condition of the loan, and to maintain it without lapse for the life of the loan.  If you do not have a mortgage of any kind, then certainly there is no one looking over your shoulder requiring you to have it.  In a case like that, should you risk everything you have worked so hard for by not having insurance ?  My answer is a resounding "NO"!  Buy and maintain the insurance and live with peace of mind.
    Answered on January 10, 2014
    flag this answer
    2. Did you find these answers helpful?
    Yes
    No
    Go!

Add Your Answer To This Question

You must be logged in to add your answer.


<< Previous Question
Questions Home
Next Question >>