If the city of Chula Vista wants to buy my property for a project do I have to have homeowners insurance?

  • by prusheed
  • Jun 03,2018
  • 9 answers

If the city of Chula Vista wants to buy my property for a project do I have to have homeowners insurance?


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Insurance Answers (9)

mbrcatz 4 months ago

Nope.

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Beverly S 4 months ago

As long as you own it and have a mortgage you are required to have it. Once they buy it you cancel.

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David 14 4 months ago

Not if you sell it.

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Casey Y 4 months ago

If they buy your property...who cares...you no longer own it...

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spacemissing 4 months ago

No.
Once the city buys the property,
it will no longer be your responsibility.

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Happy Gramps 4 months ago

if there's a residence on that property, then you should have had the homwowner's insurance already, but once it's officially sold, there's no more need for the insurance

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Annie Rose 4 months ago

Are you relinquishing title to the property at sale? If so, I'm not sure why you would still be responsible for holding insurance on it.

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Dan B 4 months ago

You only need insurance if you have a mortgage on the property. It's optional if you no longer have a mortgage on the property. Once you sell the property, you no longer need insurance. You can't insure something you don't own or don't have an insurable interest in.

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STEVEN F 4 months ago

You CAN'T insure city owned property.

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