Definition
A peril is a specific risk or cause of loss covered by an insurance policy.
Why It Matters
Only covered perils qualify for insurance payouts.
Example
Fire or theft covered by insurance.
Malone Global University
Malone Global University
Economics Glossary – Malone Global University
A peril is a specific risk or cause of loss covered by an insurance policy.
Only covered perils qualify for insurance payouts.
Fire or theft covered by insurance.