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Hazard Insurance |
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Hazard Insurance Insurance protecting a property owner against damages caused by fires or severe storms. If the owner lives in an area that is prone to natural disasters, like earthquakes and floods, he or she may need a separate policy. Notes: This is generally separate from homeowner's insurance in high risk areas. For example, Florida is hurricane-prone and therefore considered high risk.See also: Equalization Reserve, Life Insurance |
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? Mentioned in | ? References in periodicals archive | |
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And, regardless of a borrower's credit history, the almost one-quarter of American families who get subprime loans find them crammed with other high-risk terms such as prepayment penalties, limited income documentation, and no escrow for property taxes and hazard insurance. 309(b) prescribes inclusion of the Workers' Compensation and War Hazard Insurance Overseas clause at FAR 52. ``I didn't hear any smoke alarms,'' said Garcia, who also works in the hazard insurance business. |
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Hazard Insurance