Renters insurance is generally on what's
called a named perils basis.
Named Perils One of the types of insurance policies that you may encounter is
called a named perils policy.
Not exact matches
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Coming up with cute
names to
call your boyfriend may seem a fun and romantic task, but be warned: the road to the perfect pet
name is fraught with
peril.
These
named perils, as they're
called, are the things against which your personal property is protected.
HO - 1: This is
called basic coverage as it only provides coverage for damage to your home and its contents against the following
named perils:
That means that the policy covers losses resulting from certain causes of loss, also
called renters insurance
perils, that are
named in the policy document.
Since they're
named in the policy, this is
called «coverage on a
named perils basis».
Because they're
named in the policy, this is
called «coverage on a
named perils basis.»
The next level, broad coverage, only covers you for specific threats that are listed in your insurance document (
called «
named perils»).
These
named perils, as they're
called, are the things against which your personal property is protected.
In the insurance industry, events that can lead to property damage are
called «
named perils.»
In the renters business, policies are written to cover what are
called «
named perils.»
That means that the policy covers losses resulting from certain causes of loss, also
called renters insurance
perils, that are
named in the policy document.
Instead, you will probably have to purchase a rider or separate policy,
called hazard insurance, which will cover the items or
perils named in the policy.