loader image
Real Estate Glossary

hazard insurance

inflation calculator
Avatar
Written by Luis Escobar

A common feature in homeowner’s insurance that is required by lenders, hazard insurance is a contract between an insurer and a purchaser to compensate the insured for loss of property due to hazards such as hail damage or fire for a premium.

A common feature in homeowner’s insurance that is required by lenders, hazard insurance is a contract between an insurer and a purchaser to compensate the insured for loss of property due to hazards such as hail damage or fire for a premium.

About the author

Avatar

Luis Escobar

Leave a Comment