MLchartDataset catalogue

Named perils coverage (NP)

Term · Insurance and risk management · MLC-T-INS-002267

An insurance policy structure where coverage is provided only for losses caused by risks specifically listed in the policy document. If a peril is not explicitly named, any damage or loss resulting from it is not covered. This contrasts with 'all-risk' or 'open perils' coverage, which covers all risks except those specifically excluded.

Table 1. Record
IdentifierMLC-T-INS-002267
FieldInsurance and risk management
SubjectPersonal Lines
AbbreviationNP
Record as JSON 
{
  "id": "MLC-T-INS-002267",
  "term": "Named perils coverage (NP)",
  "field": "Insurance and risk management",
  "definition": "An insurance policy structure where coverage is provided only for losses caused by risks specifically listed in the policy document. If a peril is not explicitly named, any damage or loss resulting from it is not covered. This contrasts with 'all-risk' or 'open perils' coverage, which covers all risks except those specifically excluded.",
  "abbreviation": "NP",
  "subject": "Personal Lines",
  "url": "https://mlchart.com/terminology/insurance/named-perils-coverage-np/"
}

Record 2,234 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.