by lakemen » Sat Jul 08, 2006 10:27 am
Peril
A particular cause of loss like fire, theft, windstorm, flood or theft that is covered by an insurance policy. Named perils include those risks that are mentioned in the policy documents whereas all-risk policy is that which covers all kinds of rosks except those that are excluded in the policy.
A particular cause of loss like fire, theft, windstorm, flood or theft that is covered by an insurance policy. Named perils include those risks that are mentioned in the policy documents whereas all-risk policy is that which covers all kinds of rosks except those that are excluded in the policy.
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