The risk must be covered.
Of course, you can always choose to not have insurance…
There has not been a house fire on my street in 120 years. And, I know of no one who has been sued for a residential premises liability case except one family who had a block party and someone got hit in the eye with a wiffle ball.
Unless you have a mortgage. Then you must be covered. HOA fees are going up like crazy out there too. Due to things like Property insurance and even earthquake insurance. It’s crazy. Good Mexican Food though. Plus you get to say you live by the celebrities. Which is nice.
Exactly, otherwise taxpayers are the insurance companies and will take the losses.
Not if you have a mortgage.