Mortgage Dictionary
Select a term from the dropdown text box. The online mortgage
dictionary will display a definition, plus links to other
related web pages.
Select term:
Homeowner's Insurance
Homeowner's insurance (also known as hazard 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.