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Confused in the Home Loan jargon? Our glossary
will help you in understanding the basic loan related terms.
Browse through the glossary or serach for a term through the
menu to resolve any doubts.
Glossary of Home insurance
terms
H
Hazard insurance
Insurance coverage that compensates for physical damage to
a property from fire, wind, vandalism, or other hazards.
Homeowner's insurance
An insurance policy that combines personal liability insurance
and hazard insurance coverage for a dwelling and its contents.
Homeowner warranty (HOW)
A type of insurance that covers repairs to specified parts
of a house for a specific period of time. It is provided
by the builder or property seller as a condition of the
sale.
Housing expense ratio
The percentage of gross monthly income that goes toward
paying housing expenses.
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