Certain named perils added to a fire insurance policy. The perils are: storm; flood; burst pipes; sprinker leakage.
Tag: UK
Wet risk
Lloyd’s term for non-marine risks, i.e. it is not connected with hulls, marine cargoes or maritime liability, but has a maritime association. Examples include the insurance of dock and port structures, offshore oil and gas structures, bridges, wharves and dams.