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Insurance Glossary

Peril

General

Definition

The cause of a possible loss, such as fire, theft, windstorm, or collision.

Definición en Español

ES

Peligro / Riesgo Cubierto

Un evento o causa específica de pérdida cubierta por una póliza de seguro, como incendio, robo o viento.

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Related Terms

Hazard
A condition or situation that increases the likelihood or potential severity of a loss.
Risk
The chance of loss or the person, property, or entity insured under a policy.
Coverage
The scope of protection provided under an insurance policy, including the types of losses and risks that are covered.
Accident
An unexpected event or circumstance without deliberate intent that results in injury, damage, or loss.
Deductible
The amount you must pay out-of-pocket before your insurance coverage begins to pay for covered losses.
Exclusion
Specific conditions, circumstances, or types of losses that are not covered by an insurance policy.
Endorsement
A written amendment or addition to an insurance policy that modifies the coverage, terms, or conditions.
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