About Us Famous & Spang Associates a full-service, generalist insurance agency representing many top rated insurance carriers, was founded in Aberdeen, Maryland circa 1909.

Is Homeowners Insurance Required?

Is Homeowners Insurance Required?

Door mat Shoes at front entrance of condo apartment. Written welcome sign Home Sweet Home welcoming homeowners at new house moving in couple's pairs of sneakers lying on the floor.

Buying a home is an exciting milestone that comes with a slew of less than thrilling responsibilities. Between maintenance costs, property taxes and possible HOA fees, you might wonder if your home insurance policy is a required expense or one you can forgo. Bankrate’s team of licensed insurance experts aims to help you make sense of homeowners insurance — is it legally required or simply a good idea to have in the event of a catastrophe?
Homeowners insurance is not required by state or federal law. This is different from auto insurance, where most states have minimum requirements for how much coverage you need before you can hit the road. However, if you have a mortgage, your lender will most likely require you to carry homeowners insurance to protect the financial interest it has in your home.

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Famous & Spang Insurance

Aberdeen, MD

200 W. Bel Air Ave.
Aberdeen, MD 21001

Phone: 410-272-2300
Text: 410-449-7540
Fax: 410-575-6927

We write insurance solutions throughout the Mid-Atlantic Region and beyond.