Is it necessary to apply for property insurance for property management loans?

Property management loans usually require property insurance. As far as I know, property management loans are loans borrowed from financial institutions for property management activities. Because property management involves the risks of houses, equipment and other properties, financial institutions usually require lenders to take out property insurance to ensure the safety and risk resistance of loans. Property insurance can effectively reduce business risks and protect the interests of lenders. Specific insurance requirements and policies may vary by region and financial institution. It is recommended that you consult relevant financial institutions or insurance companies when handling loans to obtain accurate information and requirements.