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hazard insurance

 

Definitions from WordNet

Noun hazard insurance has 1 sense
  1. hazard insurance - insurance that provides protection against certain risks such as storms or fires
    --1 is a kind of
    insurance

Definitions from the Web

Hazard Insurance

Description: Hazard insurance, also known as property insurance, is a type of coverage that protects against damage or loss to a property caused by specific hazards or perils. It serves as a financial safeguard for homeowners and businesses, offering compensation in the event of unexpected occurrences such as fire, theft, vandalism, or natural disasters.

Senses:

Sense 1:

Part of Speech: Noun

Definition: Insurance coverage that protects against property damage or loss resulting from perils like fire, theft, vandalism, or natural disasters.

Example Sentence: The mortgage lender requires all homeowners to carry hazard insurance to ensure their investment is protected.

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Sense 2:

Part of Speech: Adjective

Definition: Referring to something that is related to or associated with hazards or potential dangers.

Example Sentence: The construction site had multiple hazard insurance protocols in place to ensure the safety of workers.

Usages:

Usage 1: Popular

Definition: Referring to insurance coverage against hazards or specific perils that is widely recognized and commonly used by homeowners and businesses.

Example Sentence: After witnessing the devastating aftermath of a nearby flood, many residents purchased popular hazard insurance policies to protect their homes.

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Usage 2: Local

Definition: Referring to hazard insurance coverage that is specific to a particular region or locality, often tailored to address unique risks associated with the area.

Example Sentence: Living in a hurricane-prone coastal area, it was essential for homeowners to have local hazard insurance to protect their properties from potential wind and water damage.

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