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HAZARD
- A specific situation
that increases the probability of the occurrence of loss
arising from a peril, or that may influence the extent
of the loss. For example, accident, sickness, fire,
flood, liability, burglary, and explosion are perils.
Slippery floors, unsanitary conditions, shingled roofs,
congested traffic, unguarded premises, and uninspected
boilers are hazards.
HAZARD, MORAL
- Hazard arising from character, interest, habits and
lack of integrity of the insured or person concerned.
HAZARD, PHYSICAL
- Hazard arising from physical condition or
characteristics of the object that is insured, e.g.,
using and storing volatile materials and substances on
the premises.
HOMEOWNER INSURANCE
- An elective combination of coverages for the risks of
owning a home. Can include losses due to fire, burglary,
vandalism, earthquake, and other perils.
HOUSEKEEPING
- The general care, cleanliness
and maintenance of an insured property. |
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