Hazard Insurance

The Ins and Outs of Hazard Insurance

If you are a property owner, it is important that you put safeguards in place to protect yourself and your property from any potential threats.  These threats can come in many different forms but one of the most common is natural disasters.  One way you can help protect your property from natural disasters is by purchasing hazard insurance.

What is Hazard Insurance?

Hazard insurance is a type of insurance coverage that protects your property against a variety of natural disasters.  Some examples of things you can obtain protection against through hazard insurance are:

  • Fires
  • Severe storms
  • Hail/sleet
  • Tornados
  • Hurricanes

Essentially, as long as your policy covers a specific natural disaster, you will be reimbursed for any damages caused by that disaster.

What is Not Covered By Hazard Insurance?

Hazard insurance only applies to the structure of your home so costs related to injuries incurred by you or your guests as a result of a natural disaster will not be covered.  Additionally, flood damage is not typically covered by hazard insurance. If you live in an area where flooding is common, you will want to purchase a separate flood insurance policy.

Natural disasters cause vast amounts of damage to people’s property all over the USA.  Having hazard insurance can help protect your property in case the unthinkable happens.