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Refinance and Mortgage Encyclopedia - peril
PerilA cause of propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself. losses. Usually used in the context of "a peril insuredThe policyholder - the person(s) protected in case of a loss or claim. against." PerilA property insuranceInsurance providing financial protection against the loss of, or damage to, real and personal property termThe time period by the end of which a debt must be fully repaid. Also refers to the maturity period referring to the possible cause of lossThe occurrence of the event for which insurance pays. such as a fireA combustion accompanied by a flame or glow, which escapes its normal confines to cause damage. or windstorm. PerilThe cause of a possible lossThe occurrence of the event for which insurance pays., such as fireA combustion accompanied by a flame or glow, which escapes its normal confines to cause damage., windstorm, theftThe taking or removing of property with intent to deprive the rightful owner. It includes such crimes, explosionA violent expansion, with force and noise, generally due to rapid chemical change; term covered under, or riot, coveredA person covered by a pension plan is one who has fulfilled the eligibility requirements in the plan, in an insurance policyThis is the entire written insurance contract.. PerilThe cause of a possible lossThe occurrence of the event for which insurance pays.. For example, fireA combustion accompanied by a flame or glow, which escapes its normal confines to cause damage., theftThe taking or removing of property with intent to deprive the rightful owner. It includes such crimes, or hail. PerilThe cause of a possible lossThe occurrence of the event for which insurance pays.; for example, fireA combustion accompanied by a flame or glow, which escapes its normal confines to cause damage., theftThe taking or removing of property with intent to deprive the rightful owner. It includes such crimes, or windstorm.
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