Perils

For homeowner's insuranceHomeowners insurance (also called "hazard insurance") should be equal to at least the replacement cost, an event that can damage the propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself.. Homeowner's insuranceSee "property insurance;" "private mortgage insurance;" "insured mortgage;" "title insurance." may cover(1) Purchasing futures to offset a short position (same as Short Covering); see Offset, Liquidation; the property for a wide variety of perils caused by accidents, nature, or people.