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Can you buy a house and not want insurance?

Updated: 8/18/2019
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Wiki User

13y ago

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Yes. If you pay cash for your house then you do not have to buy insurance. The only time you have to buy insurance on a house is if you take out a mortgage, the lender will probably require you to have insurance. That is in case the place burns down, it protects the banks collateral.

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13y ago
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