GLOSSARY
OF TERMS - page H
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Hazard Insurance
Insurance to protect the homeowner and the lender against
physical damage to a property from fire, wind, vandalism,
and other hazards.
Home Equity Loan
A loan secured by a property based on the price for which
the home could reasonably be expected to sell minus the balance
of the original mortgage.
Homeowner's Insurance
An insurance policy that combines liability coverage and hazard
insurance.
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