Named Peril Policy

Named Peril Policy,

What is The Meaning of Named Peril Policy?

A simple definition of Named Peril Policy is: Designated risk insurance refers to property insurance (housing or professional building) whose insurance coverage is limited to the risks posed by the police. If there is material damage due to something that is not registered, the insurer is not obliged to cover it.

Named Peril Policy means: An insurance policy that only covers the causes of certain risks or losses specified in the policy.

Named Peril Policy can be defined as, Basic or general immovable property policies that cover only the risks listed (as opposed to all risk policies that cover all risks with exceptions).

An insurance contract that covers risks. Losses are paid to the policyholder. If an unregistered risk arises, no benefit is provided.

Literal Meanings of Named Peril Policy

Named:

Meanings of Named:
  1. A word or a group of words referring to meeting, greeting, or something else.

  2. A celebrity.

  3. (In the UK) an insurance company affiliated with Lloyds Union.

  4. Tell her the name.

  5. Mention (quantity, time or location) as desired, suggested or decided.

  6. (A person or product) with a family name.

Sentences of Named
  1. My name is John Parsons

  2. Big races will attract big names

  3. Hundreds of diseases have not been isolated or designated

  4. The club asked United to name a reward for the striker

  5. Special brand famous for special market

Synonyms of Named

leading light, title, star, famous person, label, mogul, baptized, called, superstar, luminary, under the name of, big name, epithet, important person, celebrity, by the name of, worthy, known as, person of note, designation, celebutante, tag, personage, honorific, christened, dignitary, denomination, VIP

Peril:

Meanings of Peril:
  1. A serious and imminent danger.

  2. threaten.

Sentences of Peril
  1. The government's response could be a threat to the government

  2. Jonathan risked his life for David

Synonyms of Peril

perilousness, threaten, put in jeopardy, uncertainty, put at risk, hazard, danger, expose to risk, imperil, threat, endanger, jeopardy, expose to danger, insecurity, put in danger, put on the line, menace, riskiness, risk

Policy:

Meanings of Policy:
  1. A code of conduct or practice that is adopted or proposed by any government, party, company or individual.

Sentences of Policy
  1. Controversial economic policy administration

Synonyms of Policy

theory, stance, blueprint, guidelines, plans, intentions, code, stratagem, strategy, notions, approach, programme, proposed action, system, schedule, position, line, scheme, attitude