Why Is Homeowners Insurance Required? 
Homeonwers insurance to best of my knowledge is not required by law within the United States . Your mortgage lender will normally require you to carry homeowners insurance in order to protect there investment . If you did not have homeowners insurance and were to experience a major loss this more than likelywould lessen your capacity to repay you debt to the lender and the property that was used as collateral would more than likely be lesser or non existant . 