Hazard insurance Sunday, June 18, 2006
Insurance that protects the homeowner and lender against damage to home or property due to fire, wind, vandalism or other hazards.
A policy that protects the insured against loss due to fire or certain natural disasters in exchange for a premium paid to the insurer. Also known as Home Owner’s Insurance or fire insurance.
Protects against damage caused to property by fire, windstorm, and other common hazards.
A contract whereby an insurer, for a premium, undertakes to compensate the insured for loss on a specific property due to certain hazards.
Insurance protecting against loss to real estate caused by fire, some natural causes, vandalism, etc., depending upon the terms of the policy.
Insurance to protect the homeowner and the lender against physical damage to a property from fire, wind, vandalism and other hazards. Homeowner's insurance: An insurance policy that combines liability coverage and hazard insurance. Homeowner's warranty: A type of insurance that covers repairs to specified parts of a house for a specific period of time.
Insurance coverage that compensates for physical damage to a property from fire, wind, vandalism, or other hazards.
A form of insurance in which the insurance company protects the insured from specified losses, such as fire, windstorm and the like. Housing Expenses-to-Income Ratio The ratio, expressed as a percentage, which results when a borrower's housing expenses are divided by his/her gross monthly income. See debt-to-income ratio.
A contract between purchaser and an insurer, to compensate the insured for loss of property due to hazards (fire, hail damage, etc.), for a premium.
The homeowner's insurance policy.
Insurance to protect the homeowner and the lender against physical damage to a property from fire, wind, vandalism, or other hazards.
Insurance required showing lender as loss payee covering certain risks on real and personal property used for securing loans.
A form of insurance in which the insurance company protects the insured from specified losses, such as fire, windstorm and the like.
Real estate insurance protecting against fire, some natural causes, vandalism, etc., depending upon the policy. Buyer often adds liability insurance and extended coverage for personal property.
Protection against damage caused by fire, windstorm or other common hazards. Many lenders require it in amount at least equal to the mortgage.
A type of insurance designed to cover damage caused by a peril specified in the policy of insurance (ie fire, flood, etc.).
Homeowner's insurance or fire insurance, hazard insurance covers physical risks such as those from fire or wind. Usually required by lenders for the full replacement value.
Insurance for a building while it is under construction.
A broad form of casualty insurance coverage for real estate that includes protection against loss from fire, certain natural causes, vandalism and malicious mischief.
A type of insurance that protects the property insured against specified losses such as fire, tornadoes, earthquakes, etc. Often, mortgage lenders require borrowers to maintain an amount of hazard insurance on the mortgaged property that is equal to the amount of the mortgage loan.
A type of insurance that protects the policyholder against property damages caused by fire or a severe storm.
A contract that pays for loss on a home from certain hazards such as fire.
An insurance policy that covers losses due to fires, windstorms, etc. This type of policy is commonly referred to as a homeowner’s policy.
Insurance coverage that compensates for physical damage by fire, wind, or other natural disasters to the property.
Insurance on a property against damages caused by fire, wind storms, and similar risks.
insurance that provides protection against certain risks such as storms or fires
posted by your Insurance @ 2:23 AM,
