Skip to content

Insurance Center Associates Blog

All You Ever Wanted to Know About Insurance

Am I Required to Have Homeowners Insurance?

Are you currently in search of your first home? If so, then it’s important that you familiarize yourself with the ins and outs of homeowners insurance and whether or not you will be required to obtain it.

Learn more about homeowners insurance in the following and consider calling one of our team members with any further questions that arise as you read.


Lender Requirements

Unlike car insurance, homeowners insurance is not typically required by state law. Homeowners insurance is, however, a requirement of most lenders who grant home loans. These lenders will typically specify a minimum amount of coverage in their mortgage contracts as a means of protecting their investment. Often that minimum amount falls to around 80% of the home’s value.

If you think you may need help in determining what kind of homeowners insurance policy is best for you, then call Insurance Center Associates at 800-649-3101! We can also speak with you in person at 3220 Sepulveda Blvd., Torrance, or at our nearby San Pedro offices, both of which serve the South Bay area of Los Angeles. But that’s not the limit of our service area. We are also equipped to handle your home insurance needs in Arizona, Colorado, Florida, Idaho, Georgia, Nevada, Ohio, Texas, Utah, and Washington, and we’re growing more and more each year.