Whether it is illegal to lack insurance in Canada depends entirely on the specific line of insurance. It is strictly illegal to operate any motor vehicle on public roads anywhere in Canada without holding valid, active auto insurance. Driving uninsured carries severe legal penalties, including massive financial fines, license suspensions, and vehicle impoundment. Conversely, lacking home or property insurance is not illegal if you own your home outright with cash, though having an active mortgage means lenders will contractually enforce property coverage.
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