Coverage in a property policy that provides protection against loss from only the perils specifically listed in the Policy rather than protection from physical loss. Examples of named perils are fire, windstorm, theft, smoke, etc.
The Rantings of the barely human.
Coverage in a property policy that provides protection against loss from only the perils specifically listed in the Policy rather than protection from physical loss. Examples of named perils are fire, windstorm, theft, smoke, etc.