Named Peril Coverage

Plain English Definition: Named Peril Coverage insures against specific risks listed in the policy.

What Named Peril Coverage really means for someone with an insurance policy

This policy only covers risks explicitly named in the contract, requiring policyholders to understand which perils are included.

Named Peril Coverage Real World Examples

• Home insurance covering only fire, theft, and vandalism.
• Flood insurance covering only water damage from rising waters.
• Travel insurance covering trip cancellations but not medical emergencies.