Insurers Are Dropping Homeowners as Climate Shocks Worsen
www.nytimes.com
Without insurance, it’s impossible to get a mortgage; without a mortgage, most Americans can’t buy a home.
  • stoly@lemmy.world
    2·
    12 hours ago

    This will certainly depend on where you live but my impression is that generally you only need to have it when you have a mortgage specifically because the banks require it as a way to protect themselves. If you pay cash nobody cares.