What is the Definition of Named Peril?

What is the Definition of Named Peril?

Peril specifically mentioned as covered in an insurance policy.

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

Other Questions: What is the definition of Annuity?

What is the Definition of Named Peril?

You can find random definition and meaning of insurance terms below:


Meaning of Accident And Health Insurance in Insurance Terms

Coverage for accidental injury, accidental death, and related health expenses. Benefits will pay for preventative services, medical expenses and catastrophic care, with limits.


Meaning of Accidental Death Benefit (Adb) in Insurance Terms

A supplementary life insurance policy benefit that provides a death benefit in addition to the policy’s basic death benefit if the insured’s death occurs as the result of an accident. (See Double indemnity benefit)


Meaning of Accidental Death And Dismemberment (Ad&D) Benefit in Insurance Terms

A supplementary life insurance policy benefit that provides for an amount of money in addition to the policy’s basic death benefit. This additional amount is payable if the insured dies as the result of an accident or if the insured loses any two limbs or the sight in both eyes as the result of an accident.


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