Monthly Archives: May 2026

Am I Required to Get Home Insurance If I Have a Mortgage?

If you are buying a home, you may be wondering whether your mortgage lender will require you to carry homeowners’ insurance. Understanding this requirement can help you better prepare for the homebuying process and avoid delays as you move toward closing.

If homeowners’ insurance is required, the professionals at Colling Insurance Services Inc., servicing Lakewood, CO, can help. We assist homeowners at every stage, from first-time buyers to long-term homeowners, in finding insurance coverage that fits their property and budget.

Who Is Required to Have Homeowners Insurance?

In most cases, anyone who finances a home with a mortgage is required to carry homeowners’ insurance. Mortgage lenders require this coverage to protect their financial interest in the property until the loan is fully paid off. Your lender will typically explain their insurance requirements during the mortgage application and approval process.

How Can I Get Homeowners Insurance When Buying a Home With a Mortgage?

If you are purchasing a home with a mortgage, it is best to start shopping for homeowners’ insurance early. Finding coverage in advance helps you estimate your total housing costs, including your mortgage payment, property taxes, and insurance premiums. This preparation can help you stay within your budget and avoid surprises.

Should I Get Homeowners Insurance Even If It Is Not Required?

Even if homeowners’ insurance is not required, such as when you purchase a home without a mortgage, it is still strongly recommended. Homeowners insurance can help cover the cost to repair or rebuild your home after a covered event, as well as protect your personal belongings.

To learn more or get started, contact the professionals at Colling Insurance Services Inc., servicing Lakewood, CO. As a trusted independent insurance agency, we are here to help you find homeowners’ insurance that provides reliable protection and peace of mind.

Are There Any States That Don’t Require Auto Insurance?

Most states and jurisdictions, including Lakewood, CO, require drivers to carry minimum liability auto insurance. This coverage helps pay for another person’s bodily injuries and property damage if you are found at fault in an accident. If you are caught driving without an active policy from a provider such as Colling Insurance Services Inc., you may face fines, license suspension, or other penalties. However, a small number of states do not require liability insurance.

New Hampshire Auto Insurance Requirements

New Hampshire does not require drivers to carry minimum liability auto insurance before driving. Even so, drivers are still financially responsible for damages if they cause an accident. If an uninsured driver is found at fault, they may be required to post a cash bond or show proof of financial responsibility to continue driving legally.

This system can work well for people who rarely drive or own vehicles kept parked, such as project cars stored in a garage. These drivers are not required to insure vehicles that are not being driven.

Virginia Auto Insurance and the Uninsured Motor Vehicle Fee

Virginia requires drivers to carry auto insurance, but it allows some drivers to opt out by paying a $500 uninsured motor vehicle fee each year. This fee does not provide insurance coverage. Instead, it allows drivers to legally operate a vehicle without insurance while remaining personally responsible for any damages they cause in an accident.

While the uninsured motor vehicle fee may cost less than monthly insurance premiums, it does not financially protect the driver. Uninsured drivers may still face lawsuits, license suspension, and significant out-of-pocket expenses if they are found at fault.

Auto insurance requirements vary by state. For example, Florida does not require bodily injury liability coverage, though drivers are still responsible for the damages they cause. In most states that are not no-fault states, the at-fault driver is financially responsible for accident-related costs.

In Lakewood, CO, state law requires drivers to carry minimum liability auto insurance. The agents at Colling Insurance Services Inc. can help you understand Colorado’s auto insurance requirements and find a policy that fits your needs. Contact us today to learn more.