Special Perils Policy

Understanding the Special Perils Policy

Tue, August 1, 2023 | 4 min read

Wondering what 'Peril' means in the context of insurance? The term "Peril" is typically used to denote specific events or circumstances that tend to cause damage or loss to insured property. When we refer to a Perils policy, it is basically an insurance policy that covers specific Perils or risks such as fire, floods, etc.