Although some people use the terms “home insurance” and “hazard insurance” interchangeably, this isn’t entirely accurate. Hazard coverage is actually part of a typical homeowners policy and is rarely offered as a standalone option. Home insurance provides significantly more protection than basic hazard insurance.
Hazard Insurance
A hazard policy primarily covers damage to the structure of your home. It can be helpful when fire or certain severe weather events damage components like roofing, siding, or flooring. Hazard coverage is typically included in home insurance policies. While standalone hazard insurance does exist, it is uncommon.
Force-placed insurance purchased by a mortgage lender may only provide hazard coverage. This type of insurance is often used when a homeowner fails to purchase their own homeowners’ policy as required by the bank. Force-placed hazard insurance is the most common example of hazard-only coverage.
Home Insurance
You may wonder what home insurance covers that isn’t included in hazard insurance. One major advantage of a homeowners’ policy is that it typically includes “personal property” or “contents” coverage. This protects items inside your Pittsburgh, PA home, such as furniture, electronics, and other belongings.
Another benefit of home insurance is liability protection. This coverage is helpful if someone suffers accidental injuries or their belongings are damaged while visiting your home. Liability insurance may also cover injuries caused by your pets, even if the incident occurs outside your property.
If you’re searching for a reliable home insurance policy, turn to Stalwart Insurance in Pittsburgh, PA. Our local independent agency can help you find the ideal coverage for your home by comparing options from multiple carriers. Call 412-677-2312 to contact Stalwart Insurance today.
