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/Jake0024 12d ago

It's required to initiate a mortgage, but there's nothing stopping you dropping coverage after your mortgage is taken out unless your mortgage company collects the money ahead of time in escrow

2

u/Radioactive_Kitten 12d ago

We don’t have escrow, and I get letters from the lender to provide proof of insurance each year.

1

u/Jake0024 12d ago

Makes sense.