Today’s real estate word of the day is hazard insurance.
Hazard insurance is insurance coverage that in the event of a physical damage to the property from wind, fire, vandalism and other hazards, we talked today about scorned tenants.
You know, we talked about different things. There’s a lot of wild fires going on now across the country. These are all items that could and may be covered by hazard insurance. So that’s real estate word of the day.