Definition: A stipulation in a mortgage that requires the mortgagor to obtain and keep current a hazard insurance policy.
Pronunciation: \in-ˈshu̇r-ən(t)s\ \ˈklȯz\
Used in a Sentence: Our mortgage contract has an insurance clause requiring us to have hazard insurance on our house.
Added to your cart! Checkout to Complete Registration
translation missing: en.products.wishlist.added_to_wishlist
There are item(s) in your cart