A type of insurance homeowners may purchase should they not want to carry or cannot afford broad coverage. In this policy, the home and its contents are only covered in the event of the named peril occurring. Example: most homeowners in California may own earthquake insurance, but those living in Oklahoma probably do not.
Related information about named perils insurance:
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A home insurance policy that only provides coverage on losses incurred to your property from hazards or events named on the policy. Named peril policies may ...
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An insurance policy that names specific risks covered by the policy. Named Perils Insurance. A homeowner's insurance policy that only provides coverage for ...
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Named perils insurance: read the definition of Named perils insurance and 8000 + other financial and investing terms in the NASDAQ.com Financial Glossary.
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Standard Homeowners Policy Verses All Risk Policies. Most Homeowners Insurance Policies are "Named Risk". They list all the covered perils for which the ...
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Definition of named perils insurance: A type of insurance homeowners may purchase should they not want to carry or cannot afford broad coverage. In this policy ...
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Named perils insurance policy is a type of home insurance policy which covers losses incurred to a homeowner's property from hazards or events listed in the ...
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Apr 19, 2011 ... Copied From Investopedia: Investopedia explains Named Perils Insurance Policy "Suppose a homeownerdoesn't live in an earthquake and ...