• Understanding Hazard Insurance

    Hazard, homeowners, and property insurance in plain English

    About homeowners insurance

    Homeowners insurance protects the homeowner from "casualty" (losses or damage to the home or personal property) and from "liability" (damages to other people or property).

    About hazard insurance

    Hazard insurance provides coverage for specific natural hazards (fire, wind, and earthquakes) and vandalism. Different from liability insurance, which protects the property owner from damages from accidents on the premises, hazard insurance is focused on only covering damage to the physical property.

    During the closing of a home sale, the homebuyer is required to obtain hazard insurance which will provide enough protection to restore the property if it sustains damage after the sale is complete.

Tarped House
Did You Know... QBE FIRST's lender placed insurance protects your house when you can't find coverage or have let your own policy lapse.  Get the facts about lender placed hazard insurance. Understanding Hazard Insurance