Know your homeowners coverage.
Your homeowners policy also helps protect your stuff and finances.
What's hazard insurance?
Hazard insurance is part of your homeowners insurance.
It's the same as your dwelling coverage and not a separate policy. Mortgage lenders often ask for hazard insurance before they'll give you a home loan. Usually all you need to do is get homeowners insurance. You can also help keep your condo safe with condo insurance.
What hazards does homeowners insurance cover?
Here are some things your policy might cover.
-
Fire and smoke
-
Wind and hail
-
Volcanic eruptions
-
Explosions
-
Theft and vandalism
-
Falling objects, like trees
-
Damage from winter weather, like freezing or the weight of snow
-
Power surges and lightning
-
Water damage from a household appliance or burst pipe
-
Civil unrest or riot
-
Vehicles that run into your home
-
Damage from aircraft
Hazard insurance FAQ
As part of your homeowners insurance, it'll depend on many factors. If you choose lower deductibles or higher limits, you'll usually have a higher premium. The types of coverage you pick will also affect the cost.
No. Hazard insurance is part of your homeowners policy and helps protect the structure of your home. Mortgage insurance helps protect the lender if you fall behind on your mortgage payments.
We'll waive the deductible on your homeowners policy if your personal property is damaged or lost due to war. See note 1 Learn other ways you can save money with our homeowners discounts.