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	<title>New answer on: Is Homeowners Insurance Required By Law?</title>

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		<title>By: David Mrozek</title>

		<link>https://www.insurancelibrary.com/home-insurance/is-homeowners-insurance-required-by-law</link>

		<dc:creator>David Mrozek</dc:creator>

		<pubDate>Fri, 06 Dec 2013 15:38:23 +0000</pubDate>

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		<description><![CDATA[Unlike auto insurance Homeowners insurance is not required by any law.  However, that doesn&#039;t mean that you&#039;re not required to carry it.  I know that sounds contradictory, but there&#039;s a significant distinction.  Even though you&#039;re not required by law to carry it, you may be required by contract, namely a mortgage, to carry at least a minimum of coverage.  When you purchase a home with a mortgage, the mortgage company will require you to carry coverage that will repair or rebuild your home to certain standards.  The mortgage company is simply protecting the asset you&#039;re using as collateral for the loan.  

If you own your home outright, you not required to insure it at all.  Why someone wouldn&#039;t protect their biggest asset is a mystery to me, but it could happen.

Be smart. find an agent you can trust.  He/she will be able to help you get the coverage you need at a price you can afford.]]></description>

		

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