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hazard insurance

   Also found in: Financial 0.07 sec.
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Noun1.hazard insurance - insurance that provides protection against certain risks such as storms or fires
insurance - promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company

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And, regardless of a borrower's credit history, the almost one-quarter of American families who get subprime loans find them crammed with other high-risk terms such as prepayment penalties, limited income documentation, and no escrow for property taxes and hazard insurance.
309(b) prescribes inclusion of the Workers' Compensation and War Hazard Insurance Overseas clause at FAR 52.
``I didn't hear any smoke alarms,'' said Garcia, who also works in the hazard insurance business.
 
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