does va require hazard insurance
Deciphering the VA Lenderâs Handbook Chapter 9 Part 12. The VA does require that homes purchased with a VA loan is covered by hazard insurance for the entire duration of the loan term. The type of hazard insurance and the amount required varies based on the risks and hazards present in the locality of the home. Rarely is there a case where the hazard insurance required by a VA loan is more than the types and amounts of coverage that are customary in a specific area. The VA also requires that all the amounts payable, including the unearned premiums, must be payable to the holder, or to a trustee of the holder.