What is hazard insurance?
"I’ve heard the term “hazard insurance” when people are discussing home insurance. What is it?
Answer provided by
Answered on Apr 14, 2021
“Hazard insurance is that portion of your homeowners policy that specifically insures the structure of the home itself. This is the section of the policy that a lender or mortgage company will often refer to because it protects their interest in the property. “
Did this answer help you?
Ask us a question by email and we will respond within a few days.
Have a different question?
You can meet us at our office and discuss the details of your question.
Read advice from car experts at Jerry
Browse by topics
What others are asking
Is there temporary car insurance?
What if I only needed car insurance for a really short period of time? Is there such a thing as temporary car insurance?
Feb 24, 2021
What's the difference between replacement cost and actual cash value in a homeowners policy?
"I’m applying for homeowners insurance and all the different coverage options and terminology are making my head spin. Can you tell me how actual cash value differs from replacement cost? "
Apr 08, 2021
What coverage do I need on a new Kia Telluride that I financed?
I didn't know that when you finance a car, the lender requires full coverage. This bumps my monthly rate to $200. I have 25/50/25 liability plus collision and comprehensive, both with a $1,000 deductible. Is this acceptable coverage?
Apr 22, 2021