hazard insurance

Definition

Insurance that covers property damage caused by fire, wind, storms, and other similar risks. Sometimes earthquakes and floods are also covered, while other times they are not.

Use hazard insurance in a sentence

We needed to get some hazard insurance because that would help us out a lot along the way with our lives.

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The hazard insurance was an excellent decision because the possibility of an accident or unforeseen circumstance could bother our financial status.

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When you live in a place like Florida or California where there are a lot of natural disasters, it is a very intelligent idea to get hazard insurance.

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