A #NamedPerilPolicy is an #insurancepolicy that specifically lists the perils or risks that are covered. If a peril is not explicitly mentioned in the policy, it is not covered. This is different from a #comprehensivepolicy, which typically covers all perils except those specifically excluded.

For example, a named peril policy might cover risks such as fire, theft, and vandalism, but if a flood is not listed as a covered peril, then flood damage would not be covered.

Do you have any specific questions about named peril policies or how they might apply to your insurance needs?

Sincerely,

Harpreet Singh, Most lovable ❤️ Insurance Broker in Ontario

Phone – 6476217890

Email – insurancechampion@outlook.com

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