B) you have a mortgage on your home.
Homeowners insurance is generally required if you have a mortgage on your home. This is because most lenders require borrowers to have homeowners insurance as a condition of obtaining a mortgage. This is because homeowners insurance protects both the lender and the borrower by providing coverage for the physical structure of the home and its contents in the event of damage or destruction. It can also provide liability protection in case someone is injured on the property. While homeowners insurance is not required in all cases, it is typically required if you have a mortgage on your home.