If you feel a specific
named peril does not appear on your insurance policy when you need or want it to you should contact your agent or broker to arrange additional coverage.
Not exact matches
This may be one of those weekends when spending a few hours with the kids doesn't have to be so fraught with
peril, or pizza served by a mouse
named Chuck.
While it certainly
does that, offering replacement cost coverage in the event of a loss due to fire, theft, vandalism, or other
perils named in the policy, you'll find there's much more to it.
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.
As the
name might suggest, you're a wizard and your quest is to save the kingdom from
peril, and the only way to
do so is to keep your magic ball bouncing.
Slightly less expensive than Comprehensive, FTCAC
does not provide coverage for damages resulting in glass breakage or any other
peril not specifically
named above.
It's a good idea to ask your insurance agent or broker if you have a
named perils or all risk policy — and, even, review everything your renters insurance
does or doesn't cover.
Contrary to a
named perils contract, an all - risks policy
does not
name the risks covered, but instead,
names the risks not covered.
In so
doing, any
peril not
named in the policy is automatically covered.
It is usual for auto insurance policies to have some or all of the following
named perils, however this is not a definitive list and we recommend that you check with your broker or agent and
do not use this for reference to any specific policy.
If a homeowner doesn't live in an earthquake and flooding prone area, they may elect to get a
named perils insurance policy and only declare coverage against fire, theft and hail, while leaving the earthquake and flooding coverage off the policy.
What it
does cover is your liability for property damage and bodily injury, as well as losses to your personal property from
perils named in the policy.
Did you know that Travel Insurance Services offers numerous trip cancellation plans that include terrorism coverage as a
named peril?
A
named -
perils coverage, on the other hand, covers only those risks that are explicitly listed and
does not cover all those risks, or
perils, that are not listed.
Usually the open
perils wording is to the effect of «We insure against risk of direct physical loss...» meaning that open
perils doesn't keep you tied to the same list of covered events as
named perils would.
If your home insurance policy is of the
named -
peril type, for example, and you
do not specifically
name hurricanes, you may not be able to get compensation if your home is damaged or destroyed by a hurricane.
The reason is — such policies only cover «
named perils» and those don't include accidentally dropping your engagement ring in the toilet and flushing it away or leaving it on the sink in a restaurant washroom.