Named perils is another name for this.

What is covered under specified perils. Named Perils or Specified Perils coverage protects you from the perils specifically listed in your insurance policy only. Specified perils provide protection only for losses caused by. It wont cover damage from vandalism or falling objects here.

In homeowners insurance a peril is a hazard and event that causes loss or damage. The 16 named perils covered in insurance If the following things happen to anything your own your personal property youll be able to file a claim and receive compensation from your insurer minus your deductible if its approved. No Physical Damage Coverage.

An example of a falling object is if a nearby tree falls on your vehicle during a storm. Theft or Attempted Theft eg. This covers damage to your vehicle caused by fire lightning windstorm or earthquake.

Comprehensive coverage including all insured damage caused to your vehicle except collision or upset. However some perils like water damage are covered only in certain situations and others like neglect are excluded from insurance entirely. Falling objects excluding objects propelled by a snow slide or earth movement Fire.

Depending on the type of home insurance policy you have some of all of your. Essentially if your car is stolen by someone you know eg. Specified perils pays only for losses caused by perils specifically listed in your policy.

Perils to a building and contents that you can expect to be insured for include. Fire earthquake or explosion. All Perils coverage provides a thorough package of protection.