Real Estate Glossary

hazard insurance

inflation calculator
Written by Kevin Coulston

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.

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Kevin Coulston

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