IdiosyncraticIdiot@sh.itjust.works to memes@lemmy.world · 2 years agoSpare a dollar?sh.itjust.worksimagemessage-square48fedilinkarrow-up1193arrow-down129
arrow-up1164arrow-down1imageSpare a dollar?sh.itjust.worksIdiosyncraticIdiot@sh.itjust.works to memes@lemmy.world · 2 years agomessage-square48fedilink
minus-squareqjkxbmwvz@lemmy.sdf.orglinkfedilinkarrow-up3arrow-down2·2 years agoThe home insurance covers the home, so it’s useful for all interested parties (owner, possibly bank). Even if the bank doesn’t have any interest in the house (cash sale/no mortgage), I would absolutely want to insure the house! Owning a house means you don’t pay rent, but you do have to pay taxes and, unless you really want to gamble, insurance.
minus-squareGingernate@programming.devlinkfedilinkarrow-up1arrow-down2·2 years agoThat’s not a mortgage though.
The home insurance covers the home, so it’s useful for all interested parties (owner, possibly bank).
Even if the bank doesn’t have any interest in the house (cash sale/no mortgage), I would absolutely want to insure the house!
Owning a house means you don’t pay rent, but you do have to pay taxes and, unless you really want to gamble, insurance.
That’s not a mortgage though.