What is Named Perils? | PROPERTY-CASUALTY Exam Prep

Named perils coverage only protects against specific risks explicitly listed in the insurance policy, such as fire, lightning, windstorm, and theft. If a peril is not named, it is not covered. 📚 Learn more about Named Perils and other key terms for your PROPERTY-CASUALTY exam at Open Exam Prep. 🎯 This term appears on: PROPERTY-CASUALTY 🔗 Full glossary: https://www.open-exam-prep.com/glossary 🔗 Named Perils definition: https://www.open-exam-prep.com/glossary/named-perils 💡 Exam Tip: Named perils = ONLY what is listed is covered. HO-2 is named perils. Burden is on insured to prove! --- #insurance #examprep #financeexam #property-casualty