Is Home Insurance Required For Mortgage? 
I ca n't think of a situation where it would n't be required . Your mortgage company has just lent you a bunch of money to buy a home . They need to be sure that , if something happens to the home , it will be restored to what it was before anything happened . They 're just protecting their investment . The bigger question is `` why would n't you want to insure your home ? '' . You just made a big commitment and have a lot of money on the line . If something happened to your home , what would you do ? Yes , premiums for homeowners insurance are high , but not as high as the repairs you 'd have to pay for if you did n't have insurance . Plus , it not only protects the house , but everything in the house . Most people do n't think they have a lot of money tied up in their `` things '' , but they 'd be astonished to find out what it would cost to replace it all . 