Advice Topics
- Buying (128)
- Selling (162)
- Renting (28)
- Market News & Trends (11)
- Finance & Legal Info (66)
- Tips & Advice (82)
- Working With an Agent (49)
- Marketing (3)
- Investing (12)
- Affordable Housing (8)
- Green Housing (2)
- Schools (1)
- Remodeling (27)
- International Real Estate (8)
- Terms & Definitions (23)
- Home Loans (8)
Top Contributors (View All)
Find a Top Real Estate Agent Near You
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 | 32 views | Buying | 1 month ago
Answer(4)
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.
- 1 day ago
Helpful (0)
Unhelpful (0)
Jamie Merwin
ZMD REALTY
If you have a mortgage on the home insurance is required.
- 1 month ago
- Helpful (0)
- Unhelpful (0)
Are you ready to find a top agent near you?
Browse profiles of the highest ranked agents in your area and find one that meets your specific needs.
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.
- 5 days ago
- Helpful (0)
- Unhelpful (0)
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.
- 3 weeks ago
- Helpful (0)
- Unhelpful (0)
Related Questions
-
What is the first step in buying a home?
- Asked by Mike M.
- 594 views
- Buying
- 2 years ago
-
How to buy a house without closing costs or down payments?
- Asked by Timothy S.
- 704 views
- Buying
- 2 years ago