I own a rental property in PA. Am I required to carry fire i
by Guest » Fri Nov 26, 2010 10:03 pm
Am I required to carry fire insurance on a rental property if there is no mortgage on the house?
Total Comments: 1
Posted: Sat Nov 27, 2010 03:22 am Post Subject:
If you don't have a mortgage, you are free to retain 100% of the risk of loss to the property by not carrying a fire insurance policy. Being SELF-INSURED is one way to manage one's risk. Most of us, mortgage or not, don't want that risk.
Posted: Sat Nov 27, 2010 03:22 am Post Subject:
If you don't have a mortgage, you are free to retain 100% of the risk of loss to the property by not carrying a fire insurance policy. Being SELF-INSURED is one way to manage one's risk. Most of us, mortgage or not, don't want that risk.
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