Hazard and Flood Insurance (Texas Real Estate Exam Prep)

Hazard and Flood Insurance: a 1-minute explainer for the TREC sales agent exam.

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This video covers hazard and flood insurance as part of the Lender Requirements and Loan Programs chapter. Lenders require hazard insurance (homeowner's insurance) on properties securing loans. Required from closing through loan payoff. Properties in FEMA Special Flood Hazard Areas require flood insurance for federally-backed loans. Texas has many flood-prone areas, especially the Gulf Coast and major rivers.

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Видео Hazard and Flood Insurance (Texas Real Estate Exam Prep) канала Day One Agent