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June 2013 Moms
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Is your home insured?

GraceInCAGraceInCA member
edited May 2014 in June 2013 Moms
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Is your home insured? 99 votes

I have no idea. Grace, do a little dance for me.
1% 1 vote
No, I rent and do not have insurance.
1% 1 vote
No, I own (or have a mortgage) and do not have insurance.
0% 0 votes
Yes, I rent and have insurance.
14% 14 votes
Yes, I own (or have a mortgage) and have insurance.
83% 83 votes
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Re: Is your home insured?

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    GraceInCAGraceInCA member

    CL8badB said:
    Are you allowed to own/mortgage a home without insurance? (Seriously asking)
    If you have a mortgage I'm pretty sure that's a contingency, and you have to maintain insurance. I don't know if that's a requirement if you own your home outright though.

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    BC&LMBC&LM member
    Own and have insurance
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    musicalsilvermusicalsilver member
    ^^If you bought it clear and free I don't see why not.

    If you have a mortgage I'm pretty sure all mortgage lenders require you to hold insurance.
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    JillseeJillsee member
    We rent and have had renters insurance for years. I sold insurance for awhile and would recommend it to anyone :)
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    megaroo64megaroo64 member
    We own and have insurance.

    When I first moved in with my H, he owned the house and I still had renters insurance living there.  Technically, I was considered his tenant as far as the insurance company was concerned and if something had happened to the place, his insurance wouldn't have replaced items that were obviously not my H's.
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    Bennett Andrew- 6/4/13      Nora Elizabeth - 10/3/14
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    ilovemarfailovemarfa member
    We own and have a mortgage. It is a requirement to have insurance if you have a mortgage I believe. My parents own their homes outright (vacation home and regular home) and I know they aren't required to have it but they do.
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    daffy2kdaffy2k member
    We own (with a mortgage) and have insurance. Like PPs have said, I believe there is a contingency with a mortgage to carry homeowners insurance. However, even if we had paid our mortgage out in full we would still carry insurance. I'd rather pay the minimal premium(most companies around here also offer a discount if you're mortgage free) than have to rebuild from scratch in the event of a loss.
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