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Hangar keepers 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
A policy that will pay specifies sums for medical expenses or treatments. Health policies can offer many options and vary in their approaches to coverage.

Health Maintenance Organization (HMO)
A non-insurance alternative to dealing with the risks of health care costs. An HMO proyides comprehensive health services to its members for a prepaid fixed fee equivalent to an insurance premium.

Health Savings Account
Plan that allows you to contribute pre-tax money to be used for qualified medical expenses.  HSA's which are portable, must be linked to a high-deductible health insurance policy.

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

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.

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.

Hurricane Deductible
Amount you must pay out-of-pocket before hurricane insurance will kick in.  Many insurers in hurricane-prone states are selling homeowners insurance policies with percentage deductibles for storm damage, instead of the traditional dollar deductibles used for claims such as fire and theft.  Percentage deductibles vary from one percent of a home's insured value to 15 percent, depending on many factors that differ by state and insured.