Is Homeowners Insurance Different From Hazard Insurance?
7647 POINTSview profileMark Bartlett CLCSBranch Owner, TWFG Insurance Services, Fremont California and the Greater Bay Area Representing Dozens of Insurance CarriersThese are variation of terms for the same thing. Homeowners insurance was first called fire insurance. The term fire insurance is still used today but in the industry is more often refereed to rental properties. Other terms are HO3 or HO5 which are types of coverage's for homeowners insurance. So whether homeowners, hazard or fire insurance, you are using generic variations of the same thing.Answered on May 17, 2013flag this answer- 1909 POINTSview profileHDA Insurance BrokerageDirector, HDA Insurance Brokerage, CaliforniaHazard Insurance is simply a term utilized by the mortgage industry for property insurance that secures the mortgagee interest in the collateral loaned against. Homeowners Insurance is a form of hazard insurance specifically tailored to the needs of the titled owner of his/her primary home. For more detailed information regarding homeowners insurance, please click on the following link: http://www.HDAinsurance.com/homeowners.htmlAnswered on May 19, 2013flag this answer
37376 POINTSview profileDavid G. Pipes, CLU®, RICP®Business Development Officer, T.D. McNeil Insurance Services, Fresno, CaliforniaHomeowner’s is the most common form of hazard insurance. Hazard insurance covers property damage caused by fire, wind, storms, and other similar risks. Sometimes earthquakes and floods are also covered, however usually they are not. The term hazard insurance appears often in communications with a title insurance company.Answered on August 18, 2014flag this answer
Did you find these answers helpful?
Yes
No
Go!
Add Your Answer To This Question
You must be logged in to add your answer.
.JPG){kind=avatar}
