MLchartDataset catalogue

Specified perils coverage

Term · Insurance and risk management · MLC-T-INS-003139

Property insurance that provides protection only for losses resulting from a list of explicitly defined events or causes. Common specified perils include fire, lightning, windstorm, hail, explosion, riot, and vandalism. This type of coverage is more restrictive than 'open perils' coverage, which covers all causes of loss unless specifically excluded.

Table 1. Record
IdentifierMLC-T-INS-003139
FieldInsurance and risk management
SubjectPersonal Lines
Record as JSON 
{
  "id": "MLC-T-INS-003139",
  "term": "Specified perils coverage",
  "field": "Insurance and risk management",
  "definition": "Property insurance that provides protection only for losses resulting from a list of explicitly defined events or causes. Common specified perils include fire, lightning, windstorm, hail, explosion, riot, and vandalism. This type of coverage is more restrictive than 'open perils' coverage, which covers all causes of loss unless specifically excluded.",
  "subject": "Personal Lines",
  "url": "https://mlchart.com/terminology/insurance/specified-perils-coverage/"
}

Record 3,241 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.