In field 17: Hazard Insurance is where the proposed cost of hazard insurance is recorded. Obtain this information from the URLA Section V: Monthly Income and Combined Housing Expense Information. This field also contains costs for flood insurance. Although flood insurance is not required on all cases, when it is you would combine the figure with the hazard insurance and place it in this field. Learn more about this topic in the Eligibility lesson. Refer to the VA Lender's Handbook for more details regarding Hazard Insurance.