Glossary

Insured Perils Coverage

DEFINITION

Insured perils coverage protects you only against the specific risks named in the policy, such as fire, theft, or water damage.

ELI5

This insurance covers only the problems listed on the paper. If fire or theft is listed, those are covered, but anything not listed is not.

Other related terms

Cryptocurrency

Learn more

Liability

Learn more

Travel Insurance

Learn more

All Risk Coverage

Learn more