Requirements

Do you have to carry home insurance

Your mortgage servicer sends a letter in March saying your escrow account is short, and the reason is the insurance line item. You call the agent, and he tells you the carrier won't renew the policy o…

When home insurance is required

Nothing in federal law requires you to carry homeowners insurance, and no federal agency will send you a letter if you drop it. The belief that it is mandatory comes from the one place most people act…