Is It Legal To Not Have Homeowners Insurance? 
Yes it is legal not to have homeowners insurance . If you have no lender to satisfy then it is in within your right to self insurance your property . If you feel you can handle any potential loss on your home by all means feel free . Keep in mind should you decide down the road to get insurance again and you have gone without referred to as a lapse or gap in coverage you will find potential challenges in obtaining coverage 's again as insurance carriers use this as part of their underwriting criteria . 