The simple answer is YES!
The easy answer is, even if you’re not required to have it, I’d highly recommend you have it.
In fact, I can’t think of any reason why you wouldn’t want to have home insurance.
Back to the beginning. If you have a mortgage on your home, your lender will require you to have homeowner’s insurance.
When you reach that amazing point in life when you no longer have a mortgage on your home, you no longer have a requirement to have homeowner’s insurance; however, you should really place this requirement on yourself.
Here’s why. Your home is one of your largest investments and is worth hundreds of thousands of dollars. For a few hundred dollars per year, you can protect that investment from fire, vandalism, theft, and so much more.
So, even if it’s not a requirement from your lender, it is the very best thing you can do to protect your home and lifestyle.