What does hazard insurance generally cover?

Hazard insurance is designed to protect homeowners from physical damage to their property caused by specific risks or hazards, such as fire, theft, vandalism, or natural disasters. This type of insurance typically covers the structure of the home itself, as well as any attached structures, like garages or decks, against potential perils defined in the policy.

This focus on physical damage ensures that homeowners can recover the value of their property in the event of a covered incident, providing financial stability and peace of mind. Understanding that hazard insurance is primarily about protecting the physical aspects of property is essential for anyone looking at insurance policies for home protection.

While options involving liability claims or suits address the legal aspects of ownership and associated risks, hazard insurance specifically targets the physical risks to the property's structure and may or may not include coverage for personal belongings depending on the specific terms of the policy.