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It is only mandatory if you have a mortgage or lien on the home.
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Is boat insurance mandatory in Missouri?
In Missouri, boat insurance is only mandatory if you have a loan on your vessel.
Is it mandatory to have boat insurance in Missouri?
Yes its mandatory to have boat insurance and have a boating license.
Is it a good idea to get basic homeowners insurance?
Yes, if you own a home, homeowners insurance is definitely recommended, if not mandatory by some mortgage lenders.
When did auto insurance become mandatory in Missouri?
1980's
Is it mandatory to have homeowners insurance after you pay off your house?
No. Unlike auto insurance, homeowners insurance is optional and is not mandatory if your house is paid for. Just keep in mind though, if your home is lost due to fire, tornado, etc., you will not collect any kind of recovery for the loss. Also, without a homeowners insurance policy with liability coverage, you won't be covered for liability damages should someone fall or be injured in some way while at your home.
Homeowners Insurance?
form_title=Homeowners Insurance form_header=Protect one of your most important assets with homeowners insurance. Get the homeowners coverage options to suit your life. Do you already own homeowners insurance?= () Yes () No Does your current homeowners insurance cover flood damage?= () Yes () No () Don't have homeowners insurance Are individual items in your house, such as your TV, covered by homeowners insurance?= () Yes () No () Not Applicable Are you looking to get homeowners insurance or update your current insurance?= () Get Insurance () Update Insurance
Is membership in a homeowners association mandatory?
If the subdivision is subject to a Declaration of Restrictive Covenants that include a homeowners' association then your property is subject to mandatory membership.
Does homeowners insurance cover your mortgage if you are laid off?
No. This is not what homeowners insurance is for. Homeowners insurance is to pay for physical damage to your home and contents.
What are the legal requirements for insurance for rented property?
There are no mandatory legal requirements for insurance for rented property. However it is advisable to review your homeowners insurance if renting out the property or part of it is covered. If it isn't covered you should get a landlord insurance policy in order to be safe.
Does homeowners' liability insurance cover personal injury on another property?
No, your Homeowners Insurance will not. Your Medical Insurance Will.
Is boat insurance mandatory in Alabama?
No, boat insurance is not mandatory in Alabama.
Is boat insurance mandatory in Pennsylvania?
No, boat insurance is not mandatory in Pennsylvania.
