hazard insurance

A formThis is an insurance policy, or the riders and endorsements attached to it. of insuranceSee "property insurance;" "private mortgage insurance;" "insured mortgage;" "title insurance." that protects the ownerThe full name of the primary owner of the property parcel.(e.g. John P. Doe). of the insuredThe policyholder - the person(s) protected in case of a loss or claim. propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself. against losses from physical damageProvides coverage to vehicles owned, leased, or operated by a covered person due to collision or under such as fireA combustion accompanied by a flame or glow, which escapes its normal confines to cause damage. and tornadoes. MortgageIncludes all forms of debt for which real property, that is, land and/or buildings, is given as security. lenders often require a borrowerPerson responsible for repaying a loan who has signed and agreed to the terms in the promissory note. to maintain an amount of hazardCondition that creates or increases the chance of loss. insurance on the property that is equal at least to the amount of the mortgage loanThe legal agreement where a borrower is obligated to repay a lender for money borrowed to purchase a home..

Hazard Insurance

Insurance coverageThe scope of protection provided under a contract of insurance; any of several risks covered by a policy. that compensates for physical damageProvides coverage to vehicles owned, leased, or operated by a covered person due to collision or under to a propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself. from fireA combustion accompanied by a flame or glow, which escapes its normal confines to cause damage., wind, vandalism, or other coveredA person covered by a pension plan is one who has fulfilled the eligibility requirements in the plan, hazards or natural disasters.

Hazard Insurance

Protection against a specific lossThe occurrence of the event for which insurance pays., such as fireA combustion accompanied by a flame or glow, which escapes its normal confines to cause damage., wind etc., over a period of time that is secured by the paymentPeriodic (usually monthly) installments paid to a lender to be applied toward repaying your loan. Payments of a regularly scheduled premiumThe sum paid by a policyholder to keep an insurance policy in force.

Hazard insurance

Same or similar to "property insuranceInsurance providing financial protection against the loss of, or damage to, real and personal property." See also "propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself. insuranceSee "property insurance;" "private mortgage insurance;" "insured mortgage;" "title insurance."."