Named Perils

Definition

• Specific named liabilities covered by an insurance policy. Common examples of named perils include lightning, fire, theft, explosions, and windstorms.

Synonyms
insured peril

Related Terms and Acronyms

• General Liability Insurance — Definition,
  • Insurance that protects individuals and businesses from a number of potential liabilities.
• Named Perils Insurance Policy — Definition,
  • Insurance that only provides coverage in the event of a loss from a peril specifically named in the insurance policy.
• Peril — Definition,
  • Anything that poses a risk of loss, which may or may not be insurable depending on the potential for risk.