Can You Own A Home Without Homeowners Insurance? 
You can , it is your choice of course , but honestly , in my opinion not advisable . A policy transfers risk from you to the insurance company . So that should you suffer a loss to the house or personal property , instead of you having to come up with perhaps 10 's of thousands of dollars to rebuild or replace your property , the insurance company provides that protection . Likewise , if you are legally responsible for someone 's injury or damage to their property , instead of you having to write the check , your insurance company will . 