What does Peril mean? Read on to discover the definition & meaning of the term Peril - to help you better understand the language used in insurance policies.
The specific event causing a loss, such as fire, windstorm or accidental death. A "named peril" policy covers losses from perils specifically named in the policy. An "Accidental Direct Physical Loss" (ADPL) policy covers losses from all perils except those it excludes.
We hope the you have a better understanding of the meaning of Peril.