If you have a mortgage, the lender requires you to carry home insurance. If you allow your home insurance to lapse or expire without getting a new policy on your own, the mortgage company or bank will force you to buy home insurance through them. This is commonly known as force-placed insurance.
Force-placed insurance will only cover the amount that you owe to the creditor; it will not cover your personal property or liability. In addition, this type of insurance can be very expensive and make your mortgage payments increase because the cost is included in your mortgage payments. Force-placed insurance is not ideal and you should definitely avoid this type of coverage.