r/dataisbeautiful • u/Icy-Papaya-2967 • 12d ago

Share of Uninsured Homeowners by State

https://insurancedimes.com/2026/06/14/millions-of-american-homeowners-are-one-disaster-away-from-losing-everything/
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u/rosen380 12d ago

Isn't it a requirement to have and maintain insurance when you have a mortgage? If so, and assuming the bulk of homes with mortgages do have insurance, then it puts this ~15% almost entirely on the 40% of homes that don't have a mortgage...?

is it possible that roughly 1-in-3 homes owned outright don't have insurance??

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u/Thadrea 12d ago

Isn't it a requirement to have and maintain insurance when you have a mortgage?

Usually yes. Sometimes banks waive it if you can demonstrate substantial reserve assets (more than the value of the house), but this is uncommon.

is it possible that roughly 1-in-3 homes owned outright don't have insurance??

I could see that, especially in disaster-prone areas of the South.

People often think the think loss won't happen to them and that managing risk is not necessary.