One point about the first option: if you are renting (or squatting or whatever), you should still carry renter's insurance. Your landlord (unless you're living with your parents) insures the building and carries liability insurance on the premises, but you should still carry renter's insurance because YOUR STUFF ISN'T COVERED, just his building and grounds.

Is homewoot going to offer insurance?

I have one of those umbrella packages that extends beyond the home and auto coverage. About the only thing not covered is the insurance company failing...

Where's the, "None at all; I live my life like a naked pauper, because I spent all my money at woot!" option? :-P

Seriously, by the time you have "updated" an old house to be "insurable", you don't *need* insurance. Also, read your policies; most insurance companies won't cover "acts of war" or "zombie apocalypse", so you're SOL after the Solstice, as no matter what happens, they'll claim it was an "act of God" predicted by the Mayans. :-P

Have insurance but the deductible is so high it only pays to file a claim if you have a severe loss.

Shoot, we had some very minor hail damage recently and my insurance gave me a whole new roof & gutters, paid to have most of the house painted, deck stained, and window sill replaced. It was ridiculous.

Symbolic2007 wrote:Shoot, we had some very minor hail damage recently and my insurance gave me a whole new roof & gutters, paid to have most of the house painted, deck stained, and window sill replaced. It was ridiculous.

Who is your insurance company?