Number of homeowners with insurance falling nationwide

You need an umbrella when you don't know it's going to rain
  • As of 2014, 89.4 percent of homes in the U.S. held home insurance policies.
  • The amount of homeowners holding insurance policies dropped the most in the Tampa metro area. In 2006, 92 percent of homes were insured in Tampa, dropping to 79 percent in 2014.
  • Denver had the highest percentage of insured homes, at 92 percent.

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Whether buying a beach house in Miami or cabin in Appalachia, you probably need homeowners insurance -- but what kind? While you can skip over hurricane insurance in Appalachia, that's not a nationwide trend, according to a new study. With insurance rates and prices rising on a sharp incline, more homeowners are opting out of policies, according to a new Trulia report. The vast majority of mortgage lenders require homeowners insurance policies. However, if the homeowner pays off the mortgage in full, they are no longer required to hold a policy -- so some simply stop paying for it. The percentage of homes with insurance policies dropped to 89.2 percent in 2014, Trulia says, down from 94.1 percent in 2006. Hurricane Matthew and homeowner insurance Hurricane Matthew just finished its mayhem running up the East Coast. It was downgraded from a category four hurricane to a category three late last week, which allowed some to breath a little bit easier while significantly...