Quick Answer: What Does Peril Mean?

What does covered peril mean?

A specific risk or cause of loss covered by an insurance policy, such as a fire, windstorm, flood, or theft.

A named-peril policy covers the policyholder only for the risks named in the policy in contrast to an all-risk policy, which covers all causes of loss except those specifically excluded..

How do you use the word peril?

Peril sentence examplesGibbon’s stylistic artifice both averted the peril of prosecution and rendered the attack more telling. … The hour of peril for the Latin kingdom had now at last struck. … imminent peril of his life.More items…

What are the 3 categories of perils?

natural perils. One of the three categories of perils commonly considered by insurance, the other two being human perils and economic perils. This category includes such perils as injury and damage caused by natural elements such as rain, ice, snow, typhoon, hurricane, volcano, wave action, wind, earthquake, or flood.

What are standard perils?

Here’s a look at what the Insurance Information Institute says are some of the most common perils covered by a typical homeowners insurance policy: Fire and smoke. Lightning strikes. Windstorms and hail. Explosion.

What is the difference between peril and risk?

A risk is simply the possibility of a loss, but a peril is a cause of loss. A hazard is a condition that increases the possibility of loss. For instance, fire is a peril because it causes losses, while a fireplace is a hazard because it increases the probability of loss from fire.

What is the synonym of perils?

SYNONYMS. danger, jeopardy, risk, riskiness, hazard, insecurity, uncertainty, menace, threat, perilousness.

Is death a peril?

The word peril means imminent danger to life and limb. Peril comes from the Latin peric(u)lum, meaning danger. Today it’s often used in tandem with the word mortal, which relates to death. … Peril can also describe dangers of a less physical sort, though it’s less common.

What is another word for pitfall?

In this page you can discover 24 synonyms, antonyms, idiomatic expressions, and related words for pitfall, like: hazard, trap, snare, meshes, deadfall, artifice, danger, drawback, inveiglement, maelstrom and peril.

What does peril deductible mean?

All peril deductible clause in a fire insurance is a situation where all the risks are covered. The policy is much closer to what a comprehensive insurance policy is. … As all peril deductible in fire insurance covers all the perils or risks, it automatically means, coverage is available for all risks.

What does the word peril mean?

exposure to injury, loss, or destructionexposure to injury, loss, or destruction; grave risk; jeopardy; danger: They faced the peril of falling rocks. something that causes or may cause injury, loss, or destruction.

What perils does an ho3 cover?

Most homeowners purchase an HO3 policy, which covers your personal property for physical loss or damage caused by 16 perils, such as fire, vandalism, and theft to name a few, with certain conditions and exclusions.

What is the opposite of peril?

peril. Antonyms: security, safety, certainty. Synonyms: danger, risk, hazard, jeopardy, insecurity, uncertainty, unsafety, venture.

What is an example of a peril?

A peril is something that can cause a financial loss. Examples include falling, crashing your car, fire, wind, hail, lightning, water, volcanic eruptions, falling objects, illness, and death.

What are the basic perils?

The basic causes of loss form (CP 10 10) provides coverage for the following named perils: fire, lightning, explosion, smoke, windstorm, hail, riot, civil commotion, aircraft, vehicles, vandalism, sprinkler leakage, sinkhole collapse, and volcanic action.

What is another word for dangerous?

What is another word for dangerous?adversehazardoustroublingunhealthyfataldestructiveruinousdeadlypoisonousevil17 more rows