Hazard

A conditionIn contracts, a future and uncertain event which must happen to create an obligation or which extinguishes of the propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself. that jeopardizes the health or safety of the occupants or members of the community, but does not make it unfit for habitation (see also the definition of major hazardA condition so severe that it makes the property unfit for habitation. (See also the definition of hazard.)).

Hazard

Condition that creates or increases the chance of lossThe occurrence of the event for which insurance pays..