icprofit6000 — Sat, 10 Dec 2011 02:59:12 +0000

Yes you have to get it, if you get a loan.

Debbie H — Sat, 10 Dec 2011 02:57:07 +0000

If you owe on the home than the bank, or who ever finances the home requres that you have insurance and the insurance has to be enough to cover the loan if the home should burn. Also, this protects your personal items. Also, if the home is found to be in a flood zone you will also have to have flood insurance and this is a separate policy from your homeowners policy.

mbrcatz17 — Sat, 10 Dec 2011 02:23:30 +0000

It’s an option.

Homeowners insurance is the CHEAPEST way to satisfy the insurance requirement if you are going to have a mortgage. If you don’t have a mortgage, of course, no one is going to require you to insure the house – because if it burns down, well, tough luck. If someone slips on the sidewalk, get ready to write a big fat check!!

But if you have a mortgage, and don’t WANT homeowners coverage (which gives you liability and contents coverage, also), you can always buy a straight dwelling policy (which should cost about 25% more, and ONLY covers the house) to make the mortgage company happy.

Jeff — Sat, 10 Dec 2011 02:19:00 +0000

Thats petty, police hate paperwork you and i know it. They did not penalise you coz it would involve even more paperwork. You are safe – a warning is a warning.

surferchick — Sat, 10 Dec 2011 02:18:06 +0000

a warning is just that, a warning. it won’t affect your insurance or go on record

Violin2 — Sat, 10 Dec 2011 01:42:44 +0000

Nope, they just hand you a slip of paper that looks like a real ticket, but it says warning and that’s the end of it. It does go on your record though so future cops that may pull over know that you have been warned once already. So slow down, cuz you will get a ticket next time!! Haha.

Kim G — Sat, 10 Dec 2011 01:41:02 +0000

You have to have it if you have a mortgage–your mortgage company mandates it. Once you pay off the mortgage, if you don’t want it you don’t have, but what happens if your house burns down? How would you rebuild? You would still owe money for a burned down house.

As Good As It Gets lol — Sat, 10 Dec 2011 01:13:20 +0000

Police doesn’t have anything to do with your Insurance.. its tickets (paying fine) that effect your record with the insurance.. nothing will change since you just got a warning.. you got real lucky..

sassie639 — Sat, 10 Dec 2011 01:03:13 +0000

The ticket is kept at the police station until the time a warrant is issued for your arrest if you don’t show. You fear they will send it to your home? Better tell your parents about it now before the____hits the fan.

REALIST L — Sat, 10 Dec 2011 01:02:52 +0000

no but it will be very valuable to you if you do fire theft flood get all you deserve you dont know what can happen earthquack be protected