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Hangarkeepers Liability

A form of aviation bailee insurance that covers the insured's liability for damage to aircraft stored for safekeeping.

Hazard

Something that increases the chance of loss. For instance, faulty wiring is a hazard because it increases the chance of a fire loss.

Health Insurance

Insurance of human beings against bodily injury, disablement or death by accident or accidental means, or the expense thereof, or against disablement or expense resulting from sickness, and every insurance appertaining thereto.

Health Maintenance Organization (HMO)

A noninsurance alternative to dealing with the risks of health care costs. An HMO provides comprehensive health services to its members for a prepaid fixed fee, equivalent to an insurance premium.

Hold Harmless Agreement

A contractual arrangement whereby one party assumes the liability in a given situation, thereby relieving the other party of responsibility.

Homeowners Policy

A personal multiple line contract incorporating both property and liability coverages. Several different forms provide varying degrees of protection.

Hospital Indemnity Insurance

Health insurance that pays a flat amount per day of hospitalization, regardless of expenses or other insurance. Its primary purpose is to supplement other coverage which may be inadequate due to rising costs.

Hospitalization Expense Insurance

Health insurance designed to indemnify the insured for basic hospitalization expenses of room and board in the hospital, nursing care, lab fees, operating room, medical supplies and related items.

Hull Insurance

In Ocean Marine and Aviation insurance, insurance against physical damage to plane or ship.