Homeowners insurance is required if: O A. your home costs more than $500,000.
O B. you have a mortgage on your home.
O C. you rent or lease your home.
D. your home is not a single-family dwelling.
HED

B. you have a mortgage on your home.

Explanation:

Unlike driving a car, you can legally own a home without homeowners insurance. However, with if you finance your home with a mortgage, your lender most likely to will require you to have home insurance coverage to protect your home In case of damage cause by unforeseen circumstances, such as fires or natural disasters.

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