Can You Have A Mortgage Without Homeowners Insurance? 
Probably not . Any mortgage company with which I am familiar requires Homeowners insurance as a condition of the loan . Thus , when you are closing on the purchase of your home for the first time , or refinancing , you will be required to provide a copy of your Homeowners Insurance Declaration Sheet or at least a binder . If your policy cancels for whatever reason and yo do not obtain alternative coverage , in most if not all cases , the mortgage company will secure coverage and include the cost in your monthly installments . 