Hazard insurance, what does "improvements" mean? (value, principal, balance)

[jabrondo18]

When a mortgage requires hazard insurance at a minimum of 80% of the insurable value of "improvements", what does "improvements" mean?

[Bill Keegan]

Originally Posted by jabrondo18

When a mortgage requires hazard insurance at a minimum of 80% of the insurable value of "improvements", what does "improvements" mean?

The stuff that's built on the land. House, garage, deck, patio, poolhouse, guest cottage, etc.

[jabrondo18]

So if you meet the requirement for hazard insurance if you have "hazard insurance for the unpaid principal balance as long as it equals at least 80% of the insurable value of improvements", that means that the mortgage balance equals 80% of the value of the home, including any improvements?

[jabrondo18]

Actually, could "improvements" mean any improvement to the land? That would make sense.