![]() ![]() ![]() ![]() Also, condominium boards typically require owners to purchase condo insurance whether they have a mortgage or not.Įven if you don't have a mortgage, it's a wise choice to help protect the value of your home and its contents with a homeowner's insurance policy. However, if you have a mortgage on your home, it's likely your lender will require you to carry a homeowner's policy. Unlike auto insurance, it's possible to own a home without carrying insurance in some cases. And if you're taking out a loan to buy your vehicle, it's likely the lender will require you to buy an insurance policy to protect its value. Read on for more details.Īlmost every state requires you to buy auto insurance to protect against liability. In most cases, auto owners and homeowners are required to buy some type of insurance, but this can vary depending on your situation. ![]()
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