Mortgage Dictionary: Definition of Hazard Insurance
Here is the definition for 'Hazard Insurance'. To show a different definition, select a term from the dropdown text box. The online mortgage glossary will display a definition, plus links to related information.
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Hazard Insurance
Hazard insurance (also known as homeowner's insurance)
protects the lender and the
buyer in the event that the home is damaged by fire, weather, or some other
event. The premium for this insurance is often made part of the monthly
mortgage payment.
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