Insurance shock

[BlackAkita]

I am considering becoming self insured and just dropping it all together.  I may try to negotiate but they didn't have any space like car insurance to adjust coverage.

I'm wondering what the tradeoffs are for not buying volcano fire insurance. First, no mortgage lender will give you a loan without the HPIA insurance, and this would mean your owning the house outright.
The question then becomes, could you get a fire insurance policy that covers damage caused by electrical, kitchen fires, or arson? Insurance companies are like betting parlors. They hate to lose. Thus, what kind of policies can you actually get without HPIA? Storm insurance, theft, whatever? Who likes to live dangerously?