Named Perils Policy

Definition

Named Perils Policy refers to an important aspect of an insurance policy.

Why It Matters

Understanding Named Perils Policy helps you make informed decisions about your insurance coverage and potential costs.

Local Relevance

For homeowners in galveston, tx, hurricane, windstorm, and saltwater corrosion risks make this term especially relevant.

Example

For example, if you experience a covered loss, knowing how named perils policy applies can make filing a claim easier.