If your home is financed it is mandated by the terms of your mortgage contract. Failure to maintain the insurance required by your mortgage company is ground for Mortgage Default but it is not mandated by law. So if your home is paid off free and clear then it is just up to the homeowner if they want it or not..
Is boat insurance mandatory is South Carolina?
Is boat insurance mandatory in Georgia?
Georgia does not require boat insurance.
Its not required by law, in most states. You’ll have to check with your department of motor vehicles where you register the boat. You do have to have a title and registration for boat and trailer because of them being on the roads. If you find that you need an insurance policy you can get a quote
Is boat insurance mandatory in Michigan?
Is boat insurance mandatory in Nevada?
Is boat insurance mandatory in the state of California?
Is watercraft liability insurance mandatory in Georgia?
Call and ask an agent!
Can a landlord request renter’s insurance to be mandatory?
Yes, it can be included in the lease. It will only cost you less than $250/year depending on the amount of coverage and protects both your individual property and your liability. Plus, if the building burns down or some other loss, pays for you fresh place to live and other inconveniences. The real question is, why fight it? why would you not buy coverage required or not? 4lifeguild
Why should auto insurance be mandatory?
Different Views .
No matter how you look at it – from either side – an accident, even without an injury can make your life pitiful..
If you’re struck by an uninsured driver, you will be 100% on your own for repairs, los of use and any medical charges. You could always sue, but if the person who hit you is broke, it would be like attempting to squeeze blood from a turnip..
If you’re the uninsured driver and harm someone else’s car – the cost of repairs can be crippling..
Insurance is a good idea no matter what..
The above response basically says that auto insurance should be mandatory because it is good for us and the alternative leads to misery, butA lot of decisions we all make can result in misery. Eating too much or too little can make our lives pitiful. Same for not getting enough exercise, smoking oror consuming too much alcohol or medications, but generally, there is no mandate against partaking in any of these activities, other than some agelimitations.Not making wise financial decisions can have identically pathetic results and operating an uninsured vehicle is basically a financial decision. It is certain that insuringyour vehicle is a “good idea” but the question is: Why should it be mandatory, especially when all auto Insurance companies suggest policies to cover accident lossesinvolving Uninsured Motorists?.
While having insurance is a wise choice, I agree with the 2nd viewpoint. When you get right down to it, who is mandatory insurance benefitting the most? That’s right: the already rich and powerful insurance companies. On the other forearm, who is mandatory insurance hurting the most? Right again: the poor who either fight to pay for it or simply don’t have insurance because they genuinely can not squeeze the cost out of their budgets. While I stress that I believe having auto insurance is a wise choice and that it is best to have it if you are going to drive, doesn’t the government already mandate our lives enough? Having insurance should be an individual choice.
Is motorcycle insurance mandatory in Tennessee?
Is it mandatory to have insurance if you dont drive but have a license?
There would be no point to that. To reaction: No, obviously why would you need insurance if you don’t drive a car?
Is auto insurance mandatory in California?
Is life insurance mandatory?
No. Not unless you have been instructed by a court order to have life insurance in place (i.e. for your dependents)
Is boat insurance mandatory in Tennessee?
Is renters’ insurance mandatory?
Is it mandatory to enforce NFPA 13 for insurance?
Is insurance for private boats mandatory in Florida?
Is boat insurance mandatory in Arkansas?
What states do have mandatory auto insurance?
Is boat insurance mandatory in the state of Kentucky?
Is boat insurance mandatory in Montana?
Do you need windstorm insurance if you are renter?
Is a yellow insurance card mandatory in Canada?
Is disability insurance mandatory?
Is auto insurance mandatory in Wisconsin?
Is boat insurance mandatory in Ontario?
Is it mandatory to have car insurance in the US?
Is renters insurance mandatory in Maryland?
Is disability insurance mandatory in NJ?
Is it mandatory for companies to provide life insurance?
Should purchasing health insurance be mandatory?
Is boat insurance mandatory in Missouri?
Why was car insurance made mandatory?
Why is auto insurance mandatory?
Is house insurance mandatory in ga?
Is car insurance mandatory in India?
Is health insurance coverage mandatory in Massachusetts?
Is insurance coverage mandatory?