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Finance → Financial planning
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  • Official Know-It-All
    Hazard insurance is designed to offer protection from catastrophic loss, including damage from fire or natural disaster. Typically, the annual cost of hazard insurance is estimated at $2.50 for every $1,000 the home is worth. For example, hazard insurance for a $130,000 home would be estimated at $325.

    Source:

    NetHome.net: Estimating Home Buying Costs

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