I’ve been in my house 35 years never had a claim. They said my roof was old, so I got a new roof, they cancelled me anyway.
Paid off the house, POOF no more insurance.
Then they called and could get me a new policy at almost triple what I was paying.
Sorry, no thanks
Liability insurance is really cheap - a few hundred bucks a year - get that so if someone falls on your property or some such thing - you don’t get sued for everything you have.
Other than that you’re playing the same odds the insurance companies are playing. And they makes lots of money. Takes courage Keyhopper. Good for you and good luck.
Well, this all depends on your own personal financial situation.
If the worst happened, can you afford to rebuild or just buy another house from your own savings?
If so, then you can “self insure” so to speak. For people without substantial outside assets, who would depend on insurance to rebuild a house, going without insurance is risky.