Home Insurance – Named Perils

What is Named Perils Coverage?

Named Perils or Specified Perils coverage protects you from the perils specifically listed in your insurance policy only. Perils not named are excluded from this type of coverage.

Depending on the type of insurance policy you have, some of all of your property may be covered against Named Perils only. A good example of Named Perils coverage is broad form home insurance, in which your building is protected against all risks, but your personal belongings are protected against specific perils only.

In general, perils covered by a Named Perils policy will generally protect your property from damage due to:

  • Fire, Smoke, Lightning, and Explosion
  • Windstorm and Hail
  • Theft and Attempted Theft
  • Rupture, Freezing and Water Escape
  • Vandalism or Malicious Acts
  • Civil Disturbances and Riot
  • Impact by Vehicles, Watercraft, or Aircraft
  • Falling Objects
  • Weight of Ice, Snow and Sleet
  • Collapse of a Building or any Part of a Building
  • Sudden and Accidental Damage from an Electrical Current
  • Bursting or Overflow of a Fixed Domestic Fuel Tank, including its apparatus or pipes
  • Accidental damage such as a leaking toilet causing water damage

By default, anything not named is excluded by named perils coverage.

A good example of where you might see a list of named perils is in a broad form home insurance policy, where your building and other structures on your property are covered by all risks, but your belongings are covered only by a specific list of perils.

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