I understand your sentiment, but the mortgage was issued conditional on maintaining home insurance. Without an active policy, the lender is subject to much gre

I understand your sentiment, but the mortgage was issued conditional on maintaining home insurance. Without an active policy, the lender is subject to much greater risk. If the house burns down sans insurance, the lender is now SOL. And as the sibling response states, foreclosure is rarely a fast process. The problem is it can be very hard to find a policy if there's a gap in coverage, even more so if insurers are leaving the market.