Hazard

Plain English Definition: A hazard is a condition that increases the likelihood of a loss occurring.

What Hazard really means for someone with an insurance policy

Hazards can be physical, moral, or environmental, affecting the insurer’s risk assessment when issuing a policy.

Hazard Real World Examples

• Flammable materials stored near a heat source.
• Faulty wiring increasing fire risk.
• Unsecured pools posing drowning hazards.