Coverage

What Is Hazard Insurance?

Hazard insurance is the part of a property policy that covers physical damage to your home or building from perils like fire, wind, and hail. The term is used mostly by U.S. mortgage lenders; in Ontario it is simply the property-damage portion of a standard home or commercial policy.

Questions about Hazard Insurance?

Our Ontario brokers can explain how it applies to your policy.

Talk to a Roughley broker
Reviewed by Roughley Insurance Brokers Ltd. — licensed Ontario insurance brokers since 1945. Last updated May 30, 2026. ← Back to the glossary