What Is Hazard Insurance Policy On A Home? 
A hazard insurance policy is more often referred to as homeowner 's policy or property insurance policy . The term ` hazard insurance ' was commonly used to describe the coverages provided in the policy , in bygone days . Today , we most often hear of the coverages as those under a homeowner 's policy . Less frequently but fairly often , you may hear of ` property insurance ' . However , the policy covers more than just property so this term really does n't properly describe the policy . However , all three terms really mean the same thing . The homeowner policy provides reimbursement to the policyholder for damages from many natural perils , like fire , wind , and theft . It also provides some liability related coverages . 