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Author Topic: Home owner insurance  (Read 4541 times)

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Offline SimpleMan

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Re: Home owner insurance
« Reply #45 on: Yesterday at 11:56:29 AM »
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    • Quote from: OABrownson1876 on June 03, 2025, 09:52:59 PM
    If you own your house outright there is always the option of not having homeowner's insurance.  Many states require Homeowner's if there is a lien/loan against the property. I know in Kentucky if the house is paid off home insurance is not mandatory.  

    I'm not so sure it is as much the state requiring it, as it is the mortgage lender or other lien holder. 

    I'm not sure any state requires homeowner's insurance if the home is owned free and clear, however, some HOAs and similar developments may require it.
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    Offline Seraphina

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    Re: Home owner insurance
    « Reply #46 on: Yesterday at 10:10:10 PM »
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    • Quote from: SimpleMan on Yesterday at 11:56:29 AM
    I'm not so sure it is as much the state requiring it, as it is the mortgage lender or other lien holder. 

    I'm not sure any state requires homeowner's insurance if the home is owned free and clear, however, some HOAs and similar developments may require it.
    Homeowners is required in my county, township, and HOA. It doesn’t matter if you own free and clear. If something happens related to your home and property and you lack insurance, you’ll be sued out of existence.
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