Hazard Insurance


Definition of "Hazard insurance"

Brad Daniel
  Florida East Coast Real Estate

Insurance that lenders require borrowers to have so as to protect the lender's financial interest in a house. It guards against risks like storms or fires.


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FAQ

What is a conventional mortgage? What do I need to know about Condominium Insurance? If I want to buy a house and I know the property and the seller already have an agent, can I act as my own agent and negotiate a lower fee? What type of Life Insurance is right for me? How do I file an Insurance Claim?