What Is Hazard Insurance On A Home Mortgage?

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   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

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