👉 Squatter insurance is like taking a fancy vacation to the homeless encampment and then claiming you've got a "safety net" in case they decide to convert into a makeshift apartment complex. It's the insurance for living cheek-by-jowl with the lawless, but mostly for the peace of mind that comes with knowing you've got a back-up plan in case your roof falls off and you're suddenly on the wrong side of the law.
Here's an unsettling example sentence: "After being evicted from a squatter insurance policy that promised to protect me from the city's wrath, I found myself sleeping on my neighbor's shady landlord's couch."