Insurance requirements refer to the specific types and amounts of insurance coverage that individuals or businesses must have to comply with laws or regulations. These requirements can vary by location and industry, ensuring that parties are financially protected against potential risks, such as accidents or property damage. For example, auto insurance is often required for vehicle owners to cover liabilities in case of accidents. In addition to legal mandates, certain organizations or contracts may impose their own insurance requirements. For instance, landlords may require tenants to have renter's insurance to protect personal belongings. Understanding these requirements is essential for maintaining compliance and safeguarding assets.