Slammed by the rising price of policies and climate-driven natural disasters, more and more Americans are exposing themselves to risk and forgoing home insurance.
Anyone going without home insurance is paying cash for their house. No bank would give someone a mortgage on a property that could turn to ashes with no insurance.
Anyone going without home insurance is paying cash for their house. No bank would give someone a mortgage on a property that could turn to ashes with no insurance.
It’s usually only mandatory the first 10-15 years or once you build 60% equity iirc.