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Hazard insurance
This provision of homeowners insurance covers damage by fire, wind or other disaster. It is required by all lenders before a loan is approved.
Related Terms
Insurance
Impounds
Homeowners' insurance
Flood insurance
Credit life insurance
Disability insurance
Insurance binder
Redlining
Asbestos
Mortgage life insurance
Private mortgage insurance (PMI)
Binder
Mortgage insurance
PITI (Principal Interest Taxes Insurance)
Back title letter
Co-insurance
Renter's insurance
Prepaid expenses
Home warranty
Errors and omissions insurance
Homeowners' warranty
Liability insurance
Net cash flow
Title insurance
Blanket insurance policy
Earthquake insurance
Escrow payment
Mortgage banker
Non-recurring closing costs
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