Dropping Homeowners Insurance

That homeowners insurance wasn’t just there at the insistence of your mortgage lender. It’s mainly intended for your own protection. Don’t cancel it. Don’t. Don’t. You cannot take the risk of losing everything in a fire or other disaster. What you can do is talk with your insurance agent about ways to cut your premiums. That can often be done, for example, if you agree to bear more of the risk yourself, by raising your deductible amount. These days it isn’t wise to make small claims anyhow. There may be other ways to cut back on some coverage, but please don’t expose yourself to danger by dropping it altogether.