Home | Ask Your Question | Mortgage Glossary
Find me a lender for:  

Definition of Hazard Insurance from Mortgage Glossary

Hazard Insurance

A type of insurance that protects the property insured against specified losses such as fire, tornadoes, earthquakes, etc. Often, mortgage lenders require borrowers to maintain an amount of hazard insurance on the mortgaged property that is equal to the amount of the mortgage loan.

Homeowner's insurance: An insurance policy that combines liability coverage and hazard insurance.

You'll be re-directed to Loan Savings Solution Web Site

>>>>
<<<<

Books about:

Search More Info On:

  • insurance
  • hazard insurance
  • mortgage insurance
  • insurance policy
  • mortgage amount
  • loan amount
  •  
    Related Mortgage Definitions:
    Title Insurance
    Title Insurance A policy, issued by a title insurance company, which insures a home buyer against errors in the title search. The cost of the policy is usually a function of the value of the property, and is often borne by the purchaser and/or seller. Policies are also available ... more...

    Homeowner's Insurance
    Homeowner's Insurance Homeowner's insurance: An insurance policy that combines liability coverage and hazard insurance - a type of insurance that protects the property insured against specified losses such as fire, tornadoes, earthquakes, etc. Often, mortgage lenders require ... more...

    Closing Costs
    Closing Costs Expenses incurred by the buyer and seller in a real estate or mortgage transaction. There are two types of costs: recurring and non recurring. Non-recurring costs are one time transactional costs ... more...

    Settlement Costs, Closing Costs
    Settlement Costs, Closing Costs Expenses incurred by the buyer and seller in a real estate or mortgage transaction. There are two types of costs: recurring and non recurring. Non-recurring costs are one time ... more...


    More on insurance...