Is it illegal to have no house insurance?
I currently own and house with my common law partner, he cancelled the house insurance, is it illegal not to have insurance on the house? House with no InsuranceNot that I know of. Certainly not in Ontario. A mortgage company can insist on it to protect their interests. But if there is no mortgage and someone is willing to take the chance of losing a big investment, that's their choice. Maybe you and your partner can consider having a very high deductible to save money. Like $5000 or even $10,000. You can get quotes here:  Ask another question at House Insurance Questions and Answers Note: Keep in mind that insurance licensing, legislation, and policies often vary by province and most certainly by country. Canada Insurance Source is a free information source. So use this site to gain a general understanding of insurance with your own area and situation in mind. This insurance information is general in nature and the policy wordings always take precedence. It is possible that there are errors and omissions in this website and www.canada-insurance-source.com, or its authors, take no responsibility. Make sure you review the "please read" page. OR visit Canada Home Insurance www.canada-insurance-source.com |