Hazard Insurance 2 : Protection against damage caused by fire, windstorms, or other common hazards. Many lenders require borrowers to carry it in an amount at least equal to the mortgage.
Complete Design, Inc. (Construction Design Specialists), Dictionary of Construction Terminology, Washington, USA 2015. http://completedesign.cc/client-resources/dictiona ry-of-construction-terminology, (Const - Amer) {836}