What is hazard insurance and when does my premium need to be paid?
Hazard Insurance (also known as Home Owner’s Insurance) is insurance that protects a property owner against damage caused by fires, severe storms, earthquakes or other natural events. As long as the specific event is covered within the policy, the property owner will receive compensation to cover the cost of any damage incurred. Evidence of insurance on your home is required a minimum of 10 days prior to your closing.
