Homeowner's insurance is not mandatory in the sense that a statute or regulation requires it. However, if the property is subject to a mortgage, the lender will require that the structure of the house be insured so as to protect the collateral that secures the loan.
No, boat insurance is not mandatory in Alabama.
No, boat insurance is not mandatory in Pennsylvania.
Mandatory Insurance
Yes its mandatory to have boat insurance and have a boating license.
In Missouri, boat insurance is only mandatory if you have a loan on your vessel.
if you a financing a boat and it is used as collatoral you must have insurance. if there are no leins against the boat, insurance is not mandatory.
Insurance becomes mandatory in Michigan if the boat is equipped with a 50 horsepower and above engine.
no
no its not
no
It is only mandatory if you have a mortgage or lien on the home.
It is not mandatory, in the United States as a country,to carry auto insurance, but in most states it is a law.