Why do people not bother to take out house insurance?

ask: "Why do people not bother to take out house insurance?"

Near where I live, there have been loads of floods, as shown on the news. Today, I saw a couple pleading poverty because their house is totally flooded. However, in the next breath they say they have no house insurance, I assume they mean contents insurance. I can't believe that people say a few pounds a month by not being insured but know what the consequences could be. Am I the only person who feels no pity for these people? Sorry, I meant they save a few pounds not "say". Bear in mind that these people have to insure their cars and surely their house and it's contents are worth a lot more to them. I know it would be a nightmare if it happened to anyone of us but I imagine it would be much worse if we had to think about paying for damage rather than replacing material things.

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Life insurance policy for 60 or older in the mail?

ask: "Life insurance policy for 60 or older in the mail?"

Isn't the whole purpose of getting old is that you no longer need life insurance? Your house is probably paid, along with your cars - of course. And you probably have some money in the bank to cover a funeral. What is 15 grand going to do for you?

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Will creditors put a lien on my house/car/checking for Unpaid credit cards and foreclosures after 7 years?

ask: "Will creditors put a lien on my house/car/checking for Unpaid credit cards and foreclosures after 7 years?"

I'm planning to foreclose my 2nd house and leave my credit cards bills unpaid for 7 years then it would be removed. My question would the creditors put a lien on my checking/house/life insurance in the future? Also, would my credit reports be CLEAN after 7 years, no sign of unpaid debits? Would bankruptcy better than just not paying? Would bk take my house & car too? I'm in California.

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OMG I had no idea my room mate was dealing drugs! The Police came and destroyed my house will insurance pay ?

ask: "OMG I had no idea my room mate was dealing drugs! The Police came and destroyed my house will insurance pay ?"

I came home today to find 6 cop cars outside my house to be thrown to the ground then questioned for 3 hours. They had ransacked my house, broke down the door, and shot tear gas through the windows. Will my insurance cover this if I did not know he was selling drugs.

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Is there a site online where i can see a full list of companies that offers house insurance?

ask: "Is there a site online where i can see a full list of companies that offers house insurance?"

Is there a site online where i can see a full list of companies that offers house insurance? I mean companies offering house insurance throughout USA and Canada?

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When your car damages your house, what is the protocol for insurance coverage?

ask: "When your car damages your house, what is the protocol for insurance coverage?"

The accelerator stuck on my car as I was pulling into my driveway and I ran into my garage. I damaged both my car and my house. My insurance is telling me that the car is covered by my car insurance and the house is covered by my homeowner's policy (both car and homeowner's insurance is with the same company) so I have to pay two separate deductibles. Does this sound right?

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Insurance for house which has been underpinned?

ask: "Insurance for house which has been underpinned?"

I am in the process of buying a property but according to the survey I got it will need underpinning on one corner. I have phoned lots of insurance companies up even specialist ones but if I do buy the house no insurance company is prepared to take the house on because of the underpinning. I really like the property and the area. Does anybody know of any insurance which will take on the property once I have bought it. I have tried all the insurance companys which state they will take on houses with subsidence but they wont cover until a year after it has been monitoried. It is hard to find a property like the one I want for the price because it is a quiet area and nice gardens and near to work

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