Weegy: Yes, if you wish to stay protected, however, it also depends on why your not paying your payments. If you are defaulting on your mortgage, insurance could be cancelled once the bank takes the possession from you. [ You would then not be responsible for the insurance any longer, and frankly, if the house burned down, it would be no loss to you. That is the real gauge, what do you stand to lose if the house burned to the ground. If nothing, then insurance is not needed. If you would lose anything at all, that's what insurance is for. ] User: can you give me more information? (More)

Weegy: The function of home insurance is to protect the policy holder from sudden and accidental events that cause property damage and bodily injury. The policy holder is compensated with money for damage that is sustained. [ A premium must be paid to purchase the policy. The amount of premium paid is based on the house being insured and the person needing the insurance. Not all people and homes have the same level of risk. We all know someone we would trust to watch our home and we may know someone we would not let in our house. Not all perils are covered under any insurance policy otherwise the policy would simply say " We cover everything" There will always be something insurance does not cover. What does it cover? Here is a basic list: 1. Fire 2. Theft 3. Smoke 4. Vandalism 5. Wind 6. Hail 7. Vehicles 8. Riot 9. Civil Commotion 10. Earthquake 11. Volcanic ash 12. Lightning 13. Plumbing leaks of all kinds 14. Your dog biting someone 15. Someone falling and getting hurt will at your home 16. You child accidentially pushing over a row of expensive motorcycles 17. You hitting a golf ball and breaking a window 18. Your lawn tractor running away from you and hurting someone else 19. You canoe or small fishing boat that is damaged. ( not large boats) 20. Logs rolling out of the fireplace Read more: ] User: can you give me example of company? Weegy: Some examples of companies that offer home insurance are GEICO, Allstate, State Farm and a lot more. (More)

Weegy: for Health Insurance Companies refer to this site: (More)

Weegy: There ave actually a lot. But the main function is to continue it's existence. User: what is the example of company of life? Weegy: you mean insurance of life? User: yes Weegy: Some companies that offer home insurance are: State Farm, J.D. Power, All State and Nationwide. (More)

Weegy: As long as you pay the premiums and the coverage is in force, it pays to your beneficiaries the face amount or death benefit. The death benefit is not taxed. [ Many life insurance policies also have a accelerated death benefit feature included, which can be requested while you are still living and gives a percentage of the death benefit upon diagnosis of a terminal illness. A straight life insurance policy covers death due to accident or illness. However, there are also accident only life insurance policies that are much cheaper to purchase.Thank you and have a nice day ahead you ] (More)