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Can I buy a home without homeowners insurance?
I know it's risky, but can I buy a home without homeowners insurance? I would want to add it in eventually, but for the first 1-2 years I was hoping to eliminate that cost.
Asked By Theo | Oakland, CA | 373 views | Buying | 1 year ago
Answer(4)
Tracey Bright
REMAX Real Estate Ten Midtown
If you pay cash you are not required to have homeowners insurance. But I would not recommend ever going without it.
- 1 year ago
Helpful (1)
Unhelpful (0)
Lisa and Greg Harris
eXp Realty, LLC
If you are paying cash and purchasing the home outright, this is an option. If you are financing with a mortgage, Home insurance is required to protect the investment of the home for both you and the lender. The lender will require full home insurance.
- 11 months ago
- Helpful (0)
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Jamie Merwin
ZMD REALTY
If you have a mortgage on the home insurance is required.
- 1 year ago
- Helpful (0)
- Unhelpful (0)
Kristina Owens
JLA
If you are paying cash you are not required to have homeowners insurance. That being said it is of course highly recommended.
- 11 months ago
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