Insurance

Named peril

Insurance policies often include specific risks that are covered, known as perils. These can range from natural disasters such as floods and earthquakes, to man-made events like theft and vandalism. It is important for individuals to understand the covered perils in their insurance policy to ensure they are adequately protected in the event of a loss. Some policies may also have exclusions for certain perils, so it is important to carefully review the policy terms. By being knowledgeable about perils and insurance coverage, individuals can make informed decisions to protect their financial well-being.

Related terms

War hazard exclusion

Understand the meaning and definition of War hazard exclusion in the context of stock market, trading, and investments.

MORE
Binder

Understand the meaning and definition of Binder in the context of stock market, trading, and investments.

MORE
Compulsory auto insurance

Understand the meaning and definition of Compulsory auto insurance in the context of stock market, trading, and investments.

MORE
Common disaster clause

Understand the meaning and definition of Common disaster clause in the context of stock market, trading, and investments.

MORE
Actuarial cost assumptions

Understand the meaning and definition of Actuarial cost assumptions in the context of stock market, trading, and investments.

MORE
Accumulation Period

Understand the meaning and definition of Accumulation Period in the context of stock market, trading, and investments.

MORE
Open Free Demat Account!

Join our 3.5 Cr+ happy customers

+91
Explore other categories
Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS
Enjoy Zero Brokerage On Stock Investments

Get the link to download the App

Get it on Google PlayDownload on the App Store
Open Free Demat Account!
Join our 3.5 Cr+ happy customers