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

Help the community by answering this question:

+ web reference
Web reference:

Answers

2
Gary Geer’s answer
Gary Geer, Agent, Antioch, IL
Fri Dec 7, 2012
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
Tim Moore, Agent, Kitty Hawk, NC
Fri Dec 7, 2012
Nope, but you take a huge risk should it burn down, blow away or become damaged.
0 votes
Search Advice
Search
Ask our community a question
Market Conditions in Bay Saint Louis Zip Codes

Email me when…

Learn more