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
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