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Homeowners Insurance

The same as hazard insurance. It covers the property mortgaged against loss due to fire, hail, theft, etc. The borrower selects the insurance, and pays the annual premiums, often through an escrow account.

See also:
  • Hazard Insurance
  • Home Inspection
  • Homeowners Insurance
  • Homeowners Warranty
  • Homeowners’ Association
  • HUD

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