What is hazard insurance and why do I need it?
posted by Bankruptcy Home Loans @ 1/19/2006
Thursday, January 19, 2006
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1 Comments:
Hazard insurance protects homeowners from property damage and is required by lenders before you buy or refinance a house. It sheilds you from property damage such as fire or a severe storm. It usually covers the costs to rebuild another home. Usually you have to prove at closing that you have secured at least one full year of hazard insurance
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