Real Estate Glossary

What is Hazard Insurance?

Hazard insurance is a type of insurance that is intended to protect homeowners from financial loss due to damage to their property caused by natural hazards such as fire, wind, or hail. It is usually required by lenders as a condition of obtaining a mortgage, and typically covers the cost of repairing or rebuilding the home in the event of a covered loss.

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Beycome Family of Companies: Beycome Mortgage LLC provides home loans; Beycome Brokerage Realty LLC, Beycome Brokerage Realty Inc., and Beycome of Florida LLC provide real estate services; Beycome Title of Florida LLC provides title insurance services. These are separate entities under Beycome Corp., each governed by its own management as required by law, but all owned by the same individuals, forming a business relationship.
Beycome Corp. holds real estate brokerage licenses in Multiple States: Beycome of Florida LLC is licensed in FL. Beycome Brokerage Realty Inc is licensed in CA. Beycome of Connecticut in CT. Beycome Brokerage Realty LLC is licensed in AL, GA, IL, IN, MI, MN, NC, SC, TN and TX.
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