Insurance Lesson

Named Perils

Certain coverages will cover Named Perils, or a list of things that can cause a loss. Most commonly the things you own in your home are covered for loss from Named Perils. This means, if the items sustain loss, it may be covered only if the peril was listed on the policy.

Lesson Script

What This Video Covers

Certain coverages will cover Named Perils, or a list of things that can cause a loss. Most commonly the things you own in your home are covered for loss from Named Perils. This means, if the items sustain loss, it may be covered only if the peril was listed on the policy.
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Impaired Property Exclusion

An impaired property exclusion limits coverage for property made less useful by the insured's defective product or work.