frances.lucas, Home Buyer in Bay Saint Louis, MS

If you buy a house with cash, do you have to pay house insurance?

Asked by frances.lucas, Bay Saint Louis, MS Fri Dec 7, 2012

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2
Frances,
If you buy with cash you are not required to provide insurance documents at closing. Insurance is always something you would want to protect your investment in your new home. I would never buy a home without covering it with insurance. Talk to some insurance specialists in your area for specifiecs and guidance about insurance.
0 votes Thank Flag Link Fri Dec 7, 2012
Nope, but you take a huge risk should it burn down, blow away or become damaged.
0 votes Thank Flag Link Fri Dec 7, 2012
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