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.
hazard insurance
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.
