What Is Hazard Insurance Vs Homeowners Insurance? 
Great question ! Homeowners insurance typically covers the home , as well as the contents , and your liability for accidents on your property . Hazard insurance only covers the home itself , and not the contents . Let 's say that you had purchased a lot , and were building a home on it . Hazard policies would cover the replacement of the home-in-progress , should it be damaged or destroyed in a fire or natural disaster . Many landlords will use this type of policy , and it is also often bundled into a homeowners policy . A word of warning - look specifically to see if damage from flooding is excluded , especially if your home is in a floodplain , or prone to flooding . Thanks for asking ! 