Do you have home/tenant insurance?

I’ve had renters / home insurance for decades . . . oh I have flood insurance; my house is 300 meters away from a. stream that is 4 meters lower than my front steps.

I have always had building insurance and contents insurance. I have only claimed once, about thirty years ago when we were broken into. The insurer paid up with no delay.

We have renters insurance, as we are required to per our lease agreement.

I still have homeowners insurance. The house is paid off but I keep insurance on it. I had State Farm for a long time…30 years or so. When we moved down here I kept with SF. Until I had to make a couple claims for damage during storms. Suddenly they told me they were not going to allow me to renew my coverage…I had too many claims. I think I put in for a total of about $10k in 4 claims. So I moved to another insurance company and moved my vehicle insurance as well. I called my SF agent the day after I got the call about my insurance canceling and told him that I was pulling all my insurance from him at the end of the month. I told him it wasn’t him, as the agent, it was SF. When they show that me being a long time customer with decades of no claims means nothing to them, I didn’t want to do business with them any longer. I told him they had no problem taking my premiums when I wasn’t putting in claims but as soon as I need it they see me as an insurance risk. He was stunned. He tried saying they could still keep the car insurance and I asked him why I should do that? I could get a better deal bundling somewhere else and wouldn’t be with SF any longer.

My mortgage Bank requires me to have full coverage house insurance. Which is good because I have had to make one or two claims in the last 20 years.

Even when I was renting I always had renters insurance just because it made sense too

I have renters insurance and renters hurricane insurance.

I have homeowners and flood insurance and a personal liability umbrella policy in case I am sued.

Yes, we do. It turned out to be very useful when we needed thousands of dollars worth of repairs and housing benefits due to broken water pipe damage. We were put up at a hotel during the “mold mitigation”, and all our flooring was replaced, plus several pieces of damaged furniture. They also paid for repainting, and a second motel stay during the “fume” mitigation I was surprised to see our premium did not increase later.
The apartment my son rents requires rental insurance.
We don’t carry appliance insurance, but maintain a dedicated savings account for that.

I have never been without homeowners insurance in my life. The short stints (college) as a tenant I had renter’s insurance. I live in South Florida where people are paying $8,000 to $10,000 for insurance after Hurricane Ian. I had only about $10,000 of damage and assessments and had to find new insurance. My new insurance is 300% more than before the storm. My company bankrupted but thanks to Florida’s regulation of insurance all of my damages were covered and I found new coverage. Some people still can’t find insurance they can afford. I know some who are settling for basic homeowner’s policies without hurricane coverage.

My father lived with us for about 10 years before he died. The arrangement was that he provided the down payment and the insurance, and we’d cover all other bills and most of his food. It worked out until he decided to lower his costs by canceling earthquake insurance. When we found out and tried to reinstate it and pay for it ourselves, the insurance company denied us. Our home was directly in a fault line.

We moved away after Dad died. I’m glad to be out of there now.

I live in an urban condominium. August 11, 2017, one of my neighbors started a fire that engulfed his entire condo unit and demolished the building’s roof. My own unit was heavily damaged by water, much of my property was ruined, and I was displaced for an entire year.

The trauma was devastating. My homeowner’s insurance saved me from also being financially destroyed.

(BTW, the fire was caused by a high-level hoarder. The man’s condo unit was packed, floor-to-ceiling, with stacks of papers and books. He had extension cords running under those stacks; one of the cords became damaged and started an electrical fire. It was like tossing a match into the tinder of all that paper.)

On the flip side, I had a guy working for me once that had built his home himself and it was entirely paid off. He decided to not get homeowners insurance. After a few years a hurricane came through and took his roof off and did other damage to his home. All repairs were on him to make at that point.

Rental insurance is required where I live. But I bundled it with my car insurance and because of the discount from doing so, I actually pay about what I would be paying for my car insurance anyway. So it works out.

When I rented and could afford it, I had renter’s insurance. I was lucky to not ever need to use it. We have homeowner’s insurance, but haven’t had to make a claim. There has been one time we could have, but it would have been such a small claim it wouldn’t have been worth the hike in premium to make it.