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Hazard Insurance question

I am buying a twonhome in San Diego. The dwelling is covered by HOA insurance and I am getting a policy for personal property/liability. On my loan docs I signed today there is a $900 charge for Hazard insurance. Is this insurance to cover the lender in case the house burns down or something?

Thanks

Be the first to comment - What do you think? Posted by jedwan - February 9, 2010 at 8:29 am

Categories: mortgage Tags: 900-charge, case-the-house, cover-the-lender, down-or-something, hazard, hoa, house, house-burns, insurance, lender, loan, loan-docs, personal-property, signed-today

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Hazard Insurance question

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