What does Coverage of Hazard mean? Read on to discover the definition & meaning of the term Coverage of Hazard - to help you better understand the language used in insurance policies.
Coverage of Hazard
Coverage of hazard means that a particular peril is covered on an insurance policy. There are many different types of hazards, and the specific policy will let the policyholder know exactly which hazards are covered. If a policyholder attempts to file a claim for a hazard that is not covered, then they will not be reimbursed, generally.
We hope the you have a better understanding of the meaning of Coverage of Hazard.