What Is A Peril And Why Is It Important?

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Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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UPDATED: Jul 15, 2021

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A “peril” is the exposure to the risk of being injured, destroyed, or lost. Most insurance companies refer to “perils” as the particular risks that can cause loss or damage. In some insurance policies, these are referred to as “named perils” – the types of occurrences that can cause loss or damage for which the insurance company will provide coverage.

Many new policies are written on an “all-risk” basis, meaning that all perils are covered unless specifically excluded. One of the major differences between standard packaged insurance policies are which perils that cause a loss are covered. The more perils covered, the more you wind up paying.

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