wrightme
Regular Member
It is sad to live in a world where one even has to think about such possibilities as what some overpaid, left leaning lawyer or judge might or might think or say. My first thought too when I read this thread was that some sharp (pointy head) lawyer would use the fact that you bought insurance as a tool against you. The difference between this type of insurance and auto or home insurance is that the latter are a general requirement.
TBG
Well, yes and no.
the only requirement for auto insurance is for liability insurance, not for replacement, unless required by a loan company. And, the same is true for home insurance. And, is it really required to purchase home owners liability coverage if there isn't a loan? I know a loan company will require you to purchase coverage to protect the collateral on the loan. But, is it actually a general requirement to have such insurance, sans loan?