Named perils insurance only covers perils named in the insurance policy.

Name: Named perils insurance only covers perils named in the insurance policy.
Brand: Quizplus
Rating: 4.8 (59 reviews)

Question

Quizplus · Accepted Answer

As the name suggests, named perils insurance only covers the perils that are specifically listed or named in the insurance policy. Any other perils that are not listed in the policy will not be covered. This is in contrast to all-risk insurance, which covers any risks or perils that are not specifically excluded in the policy.

Named Perils Insurance Only Covers Perils Named in the Insurance