Is It Illegal To Not Have Home Insurance? 
It is not against the law to own a home and not insure it . Lenders require hazard insurance on a home ; however , if you dont have a mortgage on the home , you dont have to insure the home . You should ask yourself what your financial situation would be were you to lose the home and its contents in a fire or similar risk . You should also ask how you would handle a lawsuit if someone was to claim personal injury or property damage . 