What type of insurance covers the insured from risks such as fire or burglary?

Hazard insurance provides coverage against risks that could damage or destroy property, including risks such as fire, theft, and certain natural disasters. Having hazard insurance is essential for homeowners, as it protects the physical structure of the home and its contents from unexpected incidents that might result in significant financial loss.

Title insurance, on the other hand, protects against losses related to issues with property titles, such as disputes over ownership or unrecorded liens, but does not cover property damage. Liability insurance covers legal liabilities for injuries or damages to other people or their property, which is different from protecting one's own property. Mortgage life insurance is a type of policy that covers the outstanding mortgage balance in the event of the borrower's death, but it does not provide coverage for risks to property itself.

Thus, hazard insurance is specifically designed to protect against the kinds of physical risks like fire or burglary, making it the appropriate choice in this context.