Hazard insurance policy Clause Samples
A hazard insurance policy clause requires the property owner to maintain insurance coverage that protects against specific risks such as fire, storms, or other hazards that could damage the property. Typically, this clause outlines the minimum coverage amounts, the types of hazards that must be insured against, and may require the lender or another party to be named as an additional insured or loss payee. Its core function is to ensure that the property remains protected from loss or damage, thereby safeguarding the interests of both the owner and any parties with a financial stake in the property.
Hazard insurance policy. Tax receipts, insurance premium receipts, ledger sheets, payment history from date of origination, insurance claim files, correspondence, current and historical computerized data files, and all other processing, underwriting and closing papers and records which are customarily contained in a mortgage loan file and which are required to document the Mortgage Loan or to service the Mortgage Loan.
Hazard insurance policy. 16 HUD..............................................................................................................16
Hazard insurance policy. We will deliver or mail the insurance policy which provides fire and extended insurance coverage to , Residential Mortgages, Insurance Department, ▇.▇. ▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇, no later than 30 days from date of closing. The name, address, phone number and agent's name of our insurance company is as follows: Name Agent's Name Address Agent's Phone Number
Hazard insurance policy. Copy of Mortgage insurance or guaranty agreement, if applicable.
Hazard insurance policy. There exists with respect to the Mortgage Loan, a fire and extended coverage hazard insurance policy with a lender’s loss payable endorsement which insures MFA as a mortgagee thereunder in an amount at least equal to the lesser of the maximum insurable value of the improvements securing the Mortgage Loan or the principal balance owing on the Mortgage Loan and, if the property securing the Mortgage Loan is in an area designated as having special flood hazards by the Federal Insurance Administrator or related federal agency, a flood insurance policy with lenders loss payable endorsement which insures MFA as a mortgagee thereunder in compliance with the applicable provisions of the National Flood Insurance Act of 1968, as amended, and all rules and regulations promulgated pursuant thereto.
Hazard insurance policy. The original Primary Insurance Policy, if any, or the electronic certificate number of any such policy and the identity of the named mortgagee.