Yes. What if something happens to it?
if you paid cash for the house do you need homeowners insurance
You will need a Pet Insurance if you own a dog. You don't need a house insurance while owning a dog.
If your name is on the deed, it is your house. A judge's decision should go in your favour if you have paid the insurance and taxes because she has no real claim to owning the property.
If the car is paid off, then only liability insurance is needed. If it is not, then you will need a full insurance coverage plan.
the house is paid off and given to the beneficiary
buglary insurance is paid coverage provided by your insurance agency against burglaries. Burglary is when a stranger,whom you did not invite into your house, breaks in and steals, vandalizes
house insurance
If your parents bought their house they do not need renters insurance but they do need house insurance. They should insure the house for two things, one for the contents and any damage to the home, and two if there is a mortgage they should have insurance to cover that in the event that anything should happen to either of them.
If your house is paid off, no, it would not be required.If the house is located in a flood prone area and still on a mortgage note then Yes, Most lenders will require that you maintain flood insurance for protection of the property until the loan is paid off.
Insurance works by collecting premiums from people who need to have coverage. This money is then paid out to people who have losses.
Get probate done so that title can officially be transferred to the legal heirs.
You only need the minimum liability insurance, what the state requires.