It's official: We're in a recession.

[KSigkid]

Originally Posted by KSig RC

I'd be very worried about simply "giving up" on the mortgage and relying on the insurance to kick in, as well - not only is this a run on the bank of sorts, but I wouldn't expect the insurer to take it lying down, and given their litigation strength as a collective, they may just find a method of recovery.

Exactly - if nothing else you're going to be dealing with a subrogation battle, where you're going to end up paying court fees and find yourself involved in some litigation. If you're in that much trouble, the court fees alone could be enough to sink you.