named perils coverage
A property insurance term referring to policies that provide coverage only
for loss caused by the perils specifically listed as covered. It contrasts with
all risks coverage, which applies to loss from all causes not specifically listed
as excluded.
See also: all risks coverage,
basic causes of loss form,
broad causes of loss form,
causes of loss forms,
commercial property
coverage forms, commercial
property policy, inland marine
coverage, open perils,
property insurance.
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