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Top articles: | The suburban Boston home where Babe Ruth lived after he had been sent to the New York Yankees is for... |
| | » MA » Home selling | 05/13/2012 | | | | South Florida real estate developer Martin Margulies has been sitting on prime ocean-front property ... |
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| | » NV » Real Estate news | 02/16/2012 | | | | The sale of Hawaii's smallest publicly accessible inhabited island is imminent, and local leaders ar... |
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| Hazard InsuranceAn insurance policy selected by the borrower to cover the property against loss due to hazards such as fire, hail, etc. The borrower pays an annual premium for this coverage. In many cases, the lender requires that the borrower pay 1/12 of this annual amount every month, included with the borrower`s monthly payment of principal and interest. These funds are held in reserve on behalf of the borrower in an escrow account. See also:Hazard InsuranceHome InspectionHomeowners InsuranceHomeowners WarrantyHomeowners` AssociationHUD
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