1.
Hazard insurance is also known as
2.
The abbreviation for homeowner’s insurance
3.
insurance that is required for the life of the loan on every loan
4.
This party may determine the coverage amount, deductible amount, and which insurance companies are acceptable to buy insurance from
5.
Hazard insurance typically protects against ____ and ____ damages.
6.
Windstorm coverage is sometimes referred to as _______ coverage
7.
Wind coverage is usually _______ in a hazard policy and will have higher deductibles.
8.
When wind is excluded from the hazard policy, the homeowner must obtain a separate windstorm policy known as a _________ policy.
9.
The wind coverage amount should _______ the hazard coverage amount.
10.
In California, homeowner’s may have to obtain a separate ________ policy to cover fire damages due to the fact that California is prone to wildfires.
11.
Policies that cover 2 or more risks under one policy are known as ______ policies.
12.
_______ ______ policies will typically cover Hazard and Flood damages under one policy
13.
These are the mandatory flood zones
14.
Flood insurance is always ______ if the loan closed after 01/01/2016 and the home is in a mandatory flood zone.
