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Is every homeowner required by law to have home insurance?

March 15, 2012

Those who have paid their house in full, without any financial assistance or mortgage, are not required to buy home insurance. But remember, this can put your home in a high-risk in the event of an unfortunate circumstance occurring. Watch this video to find out more!

  • http://tanner.pricelessmoments.com/ John Tanner

    This does not answer the question. The inference is that if you have a mortgage then you are required by law to have household insurance. If that is the case why not state it explicitly? If it is not the case why not state it or is the answer, by design, to obfuscate rather than inform?

  • http://www.insurancehotline.com/ InsuranceHotline.com

    It is not a legal requirement to have insurance if you have a mortgage. it is typically a condition applied by the lender.