HAGUE RULES – A set of rules agreed following an International Maritime Conference in Brussels in 1922. The rules establish the rights and immunities of carriers in respect of the carriage of goods by sea.

HARDENING MARKET – When an insurance market develops a more selective attitude towards insurance contracts offered to it, it is said to be a “hardening” market.

HAZARD – A specific situation that increases the probability of the occurrence of loss arising from a peril, or that may influence the extent of the loss. For example, accident, sickness, fire, flood, liability, burglary, and explosion are perils. Slippery floors, unsanitary conditions, shingled roofs, congested traffic, unguarded premises, and uninspected boilers are also hazards.

HEATING – An increase in temperature which causes damage to marine cargo.

HELD COVERED – (i) An agreement in advance by an Insurer, to continue insurance in the event of a certain defined circumstance arising; or (ii) An insurer may agree to “hold covered” a new risk or a renewal pending receipt of special requested information or full information.

HOMEOWNER INSURANCE - A multiple peril contract for owners or occupants of dwellings generally including fire, theft and liability coverage. A homeowners policy is a package policy combining many additional coverages not included in basic fire policies.

HOUSEKEEPING – The general care, cleanliness and maintenance of an Insured property.

HULL INSURANCE – Insurance on the ship, its machinery and equipment.