hazard insurance
Disaster protection policy
Hazard insurance is coverage protecting property against damage from specific perils—fire, storms, vandalism, and similar disasters.
The term appears most often in mortgage contexts, where lenders require borrowers to maintain it: The bank won't close until you show proof of hazard insurance.
It overlaps with but is narrower than homeowners insurance, which typically includes liability coverage.
- mortgage agreementsProperty purchase financing contracts
- fire damageDestruction from flames
- windstormViolent atmospheric disturbance
- water damageDestruction from liquid intrusion
- burst pipesCracked water lines
hail damage · premium payments · peace of mind · vandalism · lightning strikes · natural disaster · act of God · actuarial tables · coverage limits · risk assessments · flooding · property appraisal · total loss · claims adjusters · real estate valuation · tornadoes · escrow accounts · theft
hazard insurancelife insurance
Contract paying upon death
health insurance · disability insurance · term life insurance · whole life insurance · medical insurance
hazard insuranceuninsured
Lacking protective coverage
self-insured · unprotected · exposed · at risk · underinsured
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