Yes, it is possible to own a home without homeowner insurance, but it is generally not recommended. Homeowner insurance provides financial protection in case of damage or loss to your home and its contents. While it is not legally required in most places, many mortgage lenders require homeowners to have insurance as a condition of the loan. Without insurance, you would be responsible for covering the costs of repairs or rebuilding in the event of a fire, natural disaster, or other covered perils. Additionally, homeowner insurance typically includes liability coverage, which protects you if someone is injured on your property and sues you for damages. Not having homeowner insurance can leave you financially vulnerable. It's important to carefully consider the risks and benefits before deciding to forgo homeowner insurance.