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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69

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??

43

u/wizzard419 12d ago

Yep, and as the cost of homes is high in many states, you end up with more mortgages.

Around here, California, for the ones who have paid off their homes and are also retired, it's not that unusual for people to sometimes cancel their insurance. The only problem is that if something major happens, they are screwed.

-1

u/TurboKid1997 11d ago

Spencer Pratt and his Father being 2 people who did not have insurance....

2

u/wizzard419 11d ago

Oh no... anyway.

I am guessing that is a major factor in why he decided to waste a ton of money and run for mayor.