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    annefh's Avatar
    annefh Posts: 5, Reputation: 1
    New Member
    		  
    #1

    Aug 28, 2008, 01:10 PM
    Liability Insurance
    Is it possible to buy only liability insurance rather than the total homeowner's policy? I live near the water and the cost of insurance is prohibitive and the deductibles are ridiculously high. I do not however want to be without liability insurance.
    Worries2Much's Avatar
    Worries2Much Posts: 19, Reputation: 1
    New Member
    		  
    #2

    Aug 28, 2008, 01:12 PM
    Depends on your state. In some states, if you have a primary homeowner's policy, you may extend liability to a secondary residence.
    progunr's Avatar
    progunr Posts: 1,971, Reputation: 288
    Ultra Member
    		  
    #3

    Aug 28, 2008, 01:28 PM
    Unless you own the home and have no mortgage, you are required to have full coverage.

    If you do own the home free and clear, I'm sure you could purchase liability only.
    ballengerb1's Avatar
    ballengerb1 Posts: 27,378, Reputation: 2280
    Home Repair & Remodeling Expert
    		  
    #4

    Aug 29, 2008, 08:49 AM
    Can't give progunr another greenie just yet until I spread some more around. He/she is right on the money, if you have a mortgage it will dictate what you must have for insurance. Liability will not fly with a mortagae holder. If you own you can buy or noy buy anything you want. Don't you feel the need to protect the home from fire, flood and/or storms?
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