What Is Hazard Insurance On A Home Mortgage?

  1. 14231 POINTS
    Tom Sheehan
    Agency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482
    Mortgage companies commonly use the term "Hazard Insurance" to mean broad form property coverege that is found in Homeowners Insurance policies.  The term in this case really means the same thing.  Mortgage Companies require that you show proof that you have adequate Property coverage in order to repair oir rebuild your home in the event of a covered loss.
    Answered on April 28, 2014
    flag this answer
    2. Did you find these answers helpful?
    Yes
    No
    Go!

Add Your Answer To This Question

You must be logged in to add your answer.


<< Previous Question
Questions Home
Next Question >>