You Need an Umbrella When You Don't Know It's Going to Rain
Whether buying a beach house in Miami or cabin in Appalachia, you probably need homeowners insurance — but what kind? While you can skip over hurricane insurance in Appalachia, that’s not a nationwide trend, according to a new study.
With insurance rates and prices rising on a sharp incline, more homeowners are opting out of policies, according to a new Trulia report.
The vast majority of mortgage lenders require homeowners insurance policies. However, if the homeowner pays off the mortgage in full, they are no longer required to hold a policy — so some simply stop paying for it.
The percentage of homes with insurance policies dropped to 89.2 percent in 2014,…