What is homeowners hazard insurance?

Homeowners hazard insurance is a type of insurance that provides coverage for damages or losses to your home and personal property caused by specific hazards or perils. These hazards or perils typically include fire, smoke, lightning, windstorm, hail, explosion, vandalism, theft, and other similar events. Homeowners hazard insurance policies typically provide coverage for the physical structure of your home, such as the roof, walls, and foundation, as well as any attached structures, like a garage or shed. It may also cover detached structures on your property, such as a fence or swimming pool. Additionally, homeowners hazard insurance typically provides coverage for personal property, such as furniture, clothing, and electronics, that are damaged or lost due to covered perils. Homeowners hazard insurance is often required by mortgage lenders as a condition of financing. It can help protect your investment in your home and personal property by providing financial assistance to repair or replace items that are damaged or destroyed by covered hazards.