(01) Cause of loss such are Fire, windstorm, water leakage, housebreaking etc. (02) A type of event that may cause a loss that may or may not be covered by an insurance policy. An insured peril is one for which insurance cover is provided. Examples of perils that may be covered are fire, theft, accident, windstorm, earthquake, riot and civil commotion.
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UK: A contingency, or fortuitous happening, which may be covered or excluded by the policy.
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A harmful event which may be covered under a contract of insurance or reinsurance as an insured peril or excluded from it.
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A potential cause of loss.
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US: Cause of loss—for example, fire, windstorm, collision.
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MEDICAL,USA: Certain specified risks covered by an insurance policy (e.g., fire, flood, hurricane, theft, windstorm).
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UK: the actual or potential cause of loss.
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US: The cause of a possible loss, such as fire, windstorm, theft, explosion, or riot.
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The cause of a possible loss. For example, fire, theft, or hail.
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REINSURANCE: This terms refers to the causes of possible loss in the property field – for insurance: Fire, Windstorm, Collision, Hail, etc. In the casualty field the term “hazard” is more frequently used.