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Thats really a matter of personal opinion and choices. But if you have a mortgage note, you almost certainly need it because it is part of your mortgage contract that you signed when you took out the financing on the house. If your home is paid off then it's a personal decision that the home owner has to make for temselves.
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∙ 9y ago
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Can you carry renters insurance over to a new home?
Renters Insurance doe snot cover "Real Property". If you have purchased a home then you need a Homeowners Insurance Policy.
Do you need public liabilty insurance?
does my mum need public liability insurance? she is a hairdresser and uses a room in a residential home to carry out her work, although not employed by the owners of the residential home is she at all covered by their insurance or does she need her own. any help in answering this question woulld be appreciated :-)
No car but have a Florida drivers license do i need to carry insurance?
No. You do not have to carry insurance in Florida if you dont own a vehicle.
What specialty stores carry a home insurance calculator?
You could find a home insurance calculator on most of the home insurance company websites. You could also ask your insurance company how much it will be too.
What happens if you choose not to carry home owners insurance?
Your Home will be considered Un-Insured
Is e insurance right for both home and auto?
E insurance has good ratings for home and auto insurance. It is usually wise to carry home and auto insurance together with the same company to receive discounted rates.
Do you have to get insurance if you pay cash for a house?
No. If there are no mortgage requirements that you carry insurance then it is completely up to the home owner.
Do you need to carry on paying car insurance after you have an accident?
yes
Do you need to carry proof of insurance in your vehicle?
yes you do its the law
If you have a PA permit and live at home do you need to have insurance?
You don't need insurance, but the car that you drive does.
How do you become a home insurance salesman?
You need an insurance license first.
Do I need homeowners Insurance after I pay off my mortgage?
Only a lien holder can require a borrower to carry insurance.
