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Why do people not bother to take out house insurance?

Near where I live, there have been loads of floods, as shown on the news. Today, I saw a couple pleading poverty because their house is totally flooded. However, in the next breath they say they have no house insurance, I assume they mean contents insurance. I can’t believe that people say a few pounds a month by not being insured but know what the consequences could be. Am I the only person who feels no pity for these people?
Sorry, I meant they save a few pounds not “say”.
Bear in mind that these people have to insure their cars and surely their house and it’s contents are worth a lot more to them. I know it would be a nightmare if it happened to anyone of us but I imagine it would be much worse if we had to think about paying for damage rather than replacing material things.

Asked by:nooka

Will homeowner insurance rates go through the roof if Cap and Tax passes through the Senate?

HYPOTHETICALLY…………If you are trying to sell a house, you get audited (like it says in the bill) and they say that you have to upgrade a whole lot of stuff that you can’t AFFORD to upgrade (windows, doors, a/c unit etc.) because you HAVE to be GREEN before you can LEGALLY sell it, would it just be better to ‘accidentally’ burn the house down and collect the insurance money? HYPOTHETICALLY……….
Hey STEVE! I don’t think you read the ENTIRE question! Liberals are so emotional……((((sigh))))
So TOAD………The economic turndown gets worse. Real Estate values plummet. The dollar crashes. The world falls into chaos. Donald Trump commits *******. The beast appears. Makes sense. (I may be over analyzing that a bit)
OLD QUILT. I have no idea who you are, but you ROCK!!!!!!

Asked by:Mutt ™

What is an Average Home insurance rate of a 2 story house?

4.5 baths
5 beds
3000 sq feet
finished basement
3 decks
1 fenced in gorund pool
Please, just and average for 1 month home insurace.
No super valuables or anything. (It’s for a project) I just can’t find anything that won’t just give me a chart or some thing. In class we had to make up an imaginary house and get all this different stuff for it. I’ve found everything,but home insurance rate without having to put in my personal info.
the home would be located in southern michigan

Asked by:Loser

Can anyone tell me if the medical portion of my auto insurance & house insurance is deductible on Sch A?

I have enough medical expenses to meet the 7.5% AGI figure on my Sch A. Since I’m able to deduct medical this year, I was wondering if I can deduct the medical portion on my car insurance and house insurance?

Asked by:redsab

How much are you paying for homeowners insurance in Louisiana?

Just spoke to a friend who purchased a house after Katrina that did NOT flood in the Katrina affected area insurance was $1200 / year. Now rates are $ 4500 / year same coverage same company. NO CLAIM. WHat’s the deal? How can they do this? Flood Insurance covers if the house floods. SO why are the rates so high?

What is everyone else paying in Louisiana and what part of Louisiana are you in?

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what is an average insurance rate for a house?

How do they figure insurance costs? About how much would annual insurance be for a $70,000 house? Thanks~!

Asked by:clclc

Best insurance rates for landlord policies in NY?

I have a 2 and a 3 family investment houses in Amsterdam NY and I want to know what insurance companies have the lowest rates. Currently I’m with Allstate. Both houses are old, completely updated, and in great shape.

Asked by:John M

Renting house / Rental insurance and mortgage rate question?

I own a house in florida(seasonal property) that I am going to rent out. When I switch over my insurance to rental insurance will they notify the bank that I have my loan with or do I do that? And will the bank adjust mymort. rate because it will now be considered investment property? how does this work? what are the steps I should take with insurance & my bank? Thanks for your help!

Asked by:linda e

Why should people who dont pay insurance get a free house?

Example:

Two different families own a house each, earn around the same income. One family goes without to pay house insurance, the other doesn’t care.

The person who doesn’t pay insurance has their house burn down – the community donate them a free house.

WHY?

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When people say there Mobile phone is covered through the house Insurance is there phone covered out doors ?

For example in my job i have to sell Mobile phone insurance over the phone which covers there phone for accidental damage,water damage and theft and lost.

So when people go my Mobile phone is covered through the house Insurance dose that mean its only coverd inside there house and not outside.

Asked by:k i

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