hazard insurance


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  • noun

Words related to hazard insurance

insurance that provides protection against certain risks such as storms or fires

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References in periodicals archive ?
Additionally, some states require insurers to provide discounts for homes that meet resilience standards, which can lead to cost savings on hazard insurance," according to Ed Golding, principal deputy assistant secretary for housing and head of the Federal Housing Administration in the U.
The municipalities of Hardenberg and Ommen want to conclude a new comprehensive hazard insurance through the administrative department Ommen-Hardenberg.
Last, but not least, private sector organizations should obtain fire protection or hazard insurance to help cover losses to personnel, property, and financial assets.
That's when road hazard insurance makes the most sense.
The approach to the NYPIUA is based upon the fact that the association "offers the only market for hazard insurance in certain areas of New York State," the resolution points out.
Meanwhile, those employed by health care providers are to be given professional hazard insurance by their employers.
Menke says Wells Fargo would deny a loan application if the lease agreement would adversely impact the lien position on the first mortgage or if the property failed to qualify for hazard insurance (or if the hazard insurance caused monthly payments to exceed normal debt-to-income ratios).
A safe that has your passports, important documents, social security cards, wills, deed to your house, hazard insurance information, keys to the safe deposit box, a CD or thumb drive that has digital pictures and video clips showing all your furniture and belongs (for insurance purposes).
It will also pay 100$ of the delinquent amount due to cover property taxes, mortgage and hazard insurance premiums, homeowner association fees and foreclosure-related fees.
In one case in Maine, a homeowner was informed that his hazard insurance policy had lapsed and the bank "force-placed" a policy of its own for two years.
These homeowners will be able to receive a maximum of $50,000 to use toward late payments, taxes, insurance, and up to 24 months of payments on mortgage principal, interest, insurance premiums, taxes and hazard insurance.
This removes certain policy coverage restrictions relieving the lender of the need to track its borrowers' hazard insurance or react to insurance cancellations.
Typical affirmative loan covenants include the requirement to maintain various kinds of hazard insurance such as property and general liability and to maintain "key man" life insurance on certain managers.
In four countries with government insurance approaches, property insurance policies include natural hazard insurance coverage at a fixed premium, and three of these countries have a government guarantee.
Bankruptcy makes it more difficult for borrowers to get credit cards, buy a home, car or hazard insurance and in some cases, obtain employment.
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