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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

Extra expense insurance

Understand the meaning and definition of Extra expense insurance in the context of stock market, trading, and investments.

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Unplanned retention

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

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Graded Premium Policy

Understand the meaning and definition of Graded Premium Policy in the context of stock market, trading, and investments.

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Homeowners insurance policy

Understand the meaning and definition of Homeowners insurance policy in the context of stock market, trading, and investments.

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Deferred annuity

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

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Agent

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

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