what is hazard insurance?

Whether it's an unexpected mishap or a catastrophic natural event that damages or destroys your house, you need the peace of mind knowing your home is financially protected so you can get your life back to normal again. Discover how hazard insurance works and how it forms the foundation of a homeowners insurance policy.

hazard insurance vs. homeowners insurance: a definition

Sudden and unexpected curveballs — from Mother Nature or otherwise — get thrown at homeowners every day. That's why you carry homeowners insurance to help financially protect your biggest investment, right?

So what is hazard insurance, then, and why would you need it if you already have homeowners insurance? Hazard insurance is normally a term used to describe the part of your home insurance policy that protects against a number of perils. It's not typically its own separate policy, but a cornerstone of your existing homeowners coverage.

While your mortgage application might state that you need a hazard insurance policy, what it's likely referring to is homeowners insurance — which offers not only protection for your house but a whole lot more.

what does hazard insurance cover on a homeowners policy?

A typical homeowners insurance policy (including policies from Esurance) can provide financial protection for a whole host of hazards, including:

  • Fires and smoke
  • Windstorms, including hurricanes and tornadoes
  • Hail
  • Lightning
  • Theft and vandalism
  • Falling objects, like a tree branch
  • Freezing of households systems, like plumbing, heating, and air conditioning
  • Weight of ice, snow, and sleet
  • Vehicles and aircrafts
  • Explosions
  • Riots or civil commotions

And while insurance against these hazards comes standard on most policies, the coverage doesn't stop there. You can count on homeowners insurance for additional protections like coverage for your personal property, guest medical payments if someone gets hurt on your property, and additional living expenses if a covered risk requires you to live elsewhere temporarily.

What hazards aren't covered by homeowners insurance?

When it comes to perils like flooding and earth movement (such as earthquakes, landslides, and mudslides), you'll usually have to purchase protection separate from your home insurance.

Earthquake and flood insurance policies are generally only necessary in locales prone to those events, and they can often offer coverages and limits specifically designed to financially safeguard you against the havoc they can wreak on your house.

get reliable protection for your home and more with esurance

At Esurance, we know the kind of stuff life can throw your way — from natural perils like tornadoes and hailstorms, to intentional acts of mischief like theft, vandalism, and even arson. That's why we offer a wide selection of coverage options that you can tailor to your needs.

Plus, we offer a bunch of homeowners insurance discounts to help keep reliable coverage from Esurance affordable.

You can see all the perks of joining our family when you get a homeowners insurance quote online or by speaking with one of our licensed agents at 1-866-439-5633.

Homeowners insurance vs. PMI: what's the difference?
Learn more about the differences between homeowners insurance and private mortgage insurance (PMI).

Landlord insurance vs. homeowners insurance
See how landlord and homeowners insurance policies differ in the protection they provide.

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