The most common named perils are the ones we tend to think of.

What is specified perils coverage. Protect your vehicle against risks from weather theft fire and more. You have protection for the perils specifically listed in your policy. What Is a Peril in Insurance.

As opposed to comprehensive coverage which is based on an all risks form of. With Specified Perils you only pay for the coverage you need. Your vehicle is stolen and never recovered or recovered with substantial damage.

A peril is any event situation or incident that causes property damage or loss. Specified perils coverage as the name suggests covers you against risks or perils that you have named or specified in your policy. What is Specified Perils Coverage.

All Perils Coverage Subsection 1 Collision or Upset Coverage Subsection 2 Comprehensive Coverage Subsection 3 Specified Perils Coverage Subsection 4 Deductible Clause. All perils provides drivers with coverage against the majority of perils. It wont cover damage from vandalism or falling objects here.

If a peril is excluded you do not have coverage against that particular risk. Specified Perils coverage protects you from named events beyond those provided in your standard auto insurance policy. This typically includes damage caused by things like fire hail lightning theft and earthquakes but it doesnt cover vandalism falling objects or animal damage.

Specified perils pays only for losses caused by perils specifically listed in your policy. Coverage for specific events perils that are outlined in your policy. Fire engulfs your next-door neighbours house spreads to your garage and destroys your insured car or truck.