Not so much.
To start with, if you're not sure, don't hotlink. You can store the image to a hosting site such as Imgur, etc, which definitely
does allow hotlinking. Or store it on your own system and upload it to the board from there. (Note: any copyright issues are on you.)
Some site are quite straightforward about their sharing and hotlinking policies.
If you check out the "Help" pull-down menu at the lower right corner of every page banner you will find a link to the "
Forum Help & Member Support" page. The first thread listed in the stickies there is "
List of sites that allow hotlinking". This is not intended to be a final or comprehensive list, but
is a list of sites which this board has so far verified as being hotlink approved.
If you find it difficult to determine whether some site allows hotlinking you can always ask them. Send them an email. Then get their site added to the list.
Just refrain from hotlinking if you don't know for sure. It doesn't prevent you from getting an image posted. It just adds a step or two. If that's too much trouble then the image probably wasn't all that important anyway.
You can always provide a link to an image. If posting the image itself is too much of a bother.