Sentences with phrase «named peril policies usually»

Named peril policies usually include fire, windstorm, weight of ice and snow, fallen objects, theft, vandalism, vehicle collision, burst pipes, electrical fire and volcanic eruption.

Not exact matches

The dry version: Renters insurance is a policy with multiple types of coverage which is a subset of the homeowners policy form, issued to those who do not own their dwelling, and which does not offer coverage for the dwelling unit, usually on a broad form and named perils basis.

In insurance jargon, «named peril» simply means that if a risk is not specifically mentioned in an insurance policy's fine print (usually as a «covered reason»), it isn't covered.

The Condo Association's Master Policy usually covers the building structure and common areas, but your HO - 6 coverage is what protects your personal belongings from named perils such as fire, storms, lightning, explosion, wind damage and theft.