Have U told your home insurance company to take a hike when the premiums went up & your claims coverage down?

Question

background note I had a non-cancellable 20 yr old policy with State Farm here in Texas and I had never ever submitted a claim against my 1k deductible policy! I cancelled my policy 4 yrs ago!

Answer 1

Sounds like a great plan until something happens....

grease fire

hail storm

hurricane

tornado

burst water pipe

your dog bites someone

someone falls on your property

flood

tree falls on your house

theft

vandalism

just to name a few.

If you don't want to have insurance and want to gamble that nothing ever will happen....knock yourself out.

Personally, I don't recommend it.

But then I see what insurance is able to do for people every day. I know how much it costs to do repairs (and it ain't cheap)

But good luck to you.....I hope it works out for you.

Answer 2

paid off or not you should still buy ins. to protect yourself...

Answer 3

That is your option.  Live with it.