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A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

 

Hazard Insurance
A contract that pays for loss on a home from certain hazards, such as fire. (See Homeowner's Policy)

 

Heir
One who inherits from the estate of a person who has died.

 

Homeowners Association
An organization of homeowners residing within a particular development whose major purpose is to maintain and provide community facilities and services for the common enjoyment of the residents.

 

Homeowners Policy
A multiple peril insurance policy commonly called "package policy". It is available to owners of private dwellings and covers the dwelling and contents in the case of fire or wind damage, theft, liability for property damage, and personal liability.

 

Housing Expense Ratio
A home owner's monthly housing expense as a percentage of his or her monthly income.

 
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