Sentences with phrase «called named peril policies»
Named Perils One of the types of insurance policies that you may encounter is called a named perils policy.
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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.»
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.