Named Perils
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Specific events listed in your policy that are covered.
Definition
Named perils are specific causes of loss that are explicitly listed as covered in your insurance policy. Common named perils include fire, theft, vandalism, windstorm, and hail. If a loss is caused by something not on the list, it's not covered under a named perils policy.
Example
The named perils policy covered fire damage but didn't cover the water damage from the broken pipe.
More Home Insurance Terms
Insurance that covers the structure of your home.
Coverage for your belongings inside your home.
Coverage for structures not attached to your home.
Pays living expenses if you can't stay in your home.
The cost to replace property with new items of like quality.
Covers injuries to others that occur on your property.
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