Feb 24 , 2016

Tampa School of Real Estate

Hazard Insurance

Definition:   A property insurance policy that indemnifies against loss resulting from physical damage to property due to hazards such as fire, flood and windstorm.

Pronunciation:  \ˈha-zərd\\in-ˈshu̇r-ən(t)s\

Used in a Sentence:   We were fortunate that our hazard insurance covered the damage done by the flood.