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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 | 1046 views | Buying | Updated 1 year ago
Answers (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 year ago
Helpful (2)
Unhelpful (1)
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 (2)
- Unhelpful (0)
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Jamie Merwin
ZMD REALTY
If you have a mortgage on the home insurance is required.
- 1 year ago
- Helpful (1)
- 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.
- 1 year ago
- Helpful (0)
- Unhelpful (0)
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