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No, it's required if you hold a mortgage. They insist on it to protect their investment.

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15y ago

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Related Questions

Does homeowners cover an unlicensed motorcycle?

Homeowners Insurance does not provide coverage for motor vehicles.


Can an automobile stay in a homeowners lot with out insurance?

Yes but there is no coverage for the vehicle under the homeowners policy.


Does homeowners insurance cover vandalism to a visitors car in your driveway?

No. Homeowners Insurance does not coverage for automobiles.


What is covered in a state farm fire and casualty company dwelling coverage a?

Coverage A on any homeowners policy includes the dwelling itself. This is the home without including the contents. The coverages under a homeowners policy are as follows: Coverage A: Dwelling Coverage B: Other Structures Coverage C: Contents Coverage D: Loss of Use Also provided under most homeowners policies are liability coverage and medical payments to others.


Can you have homeowners insurance without wind coverage?

yes


What is the most common insurance coverage for a townhouse?

The most common insurance coverage for a townhouse is typically a combination of homeowners insurance and a master policy provided by the homeowners association.


Will homeowners insurance cover pet care after a fire?

No, your homeowners insurance would not provide coverage for your pet.


Why is it better to get a homeowners coverage vs a fire dwelling coverage?

It depends on your needs. For a home that is occupied by the owner, a homeowners policy does offer more coverage. However, it also includes more requirements and is more restrictive on the policyholder.


What types of damages or losses do homeowners policies not provide coverage for?

Homeowners policies typically do not provide coverage for damages or losses caused by floods, earthquakes, and normal wear and tear.


Is it illegal for a homeowners insurance company to drop you?

No, it is not illegal for a homeowners insurance company to drop you. But they have to follow the rules for cancellations and non-renewals for the state they are operating in. For example, in Louisiana, if you have been with your homeowners insurance company for 3 years, they can't drop you. In Florida your homeowners insurance company can drop or cancel you but they must meet the minimum notification timeframes.


Is Coverage A included in Section 1 of the homeowners insurance?

Yes


What type of insurance coverage do you have for your home?

I have homeowners insurance for my home.