a policy whose coverage is based on the list of perils noted in the policy
A property insurance policy that covers only losses caused by the perils specifically listed in the policy. This coverage contrasts to special form coverage, which covers property losses from all causes not specifically excluded.
Any marine policy limiting coverage to perils specifically listed in the policy; opposed to All Risks policy. See "All Risks."
Insurance policies that specifically state the Perils against which insurance protection is given, and no others. Compare with All Risks Policy, which is the reverse: everything is covered, except what is specifically excluded.
One which specifies the exact causes of loss for which the insurer will pay, as contrasted with a policy which insures against "all risks" and then lists only exclusions, modifications, and conditions.
policies that specifically state the perils against which protection is given and no others. It is important to note the perils listed whereas with an "all risk" policy it is important to note the exclusions.
An insurance policy which specifies the perils which will be covered. An event caused by an unnamed peril will not be covered.
Any marine policy limiting cover to perils specifically listed in the policy; opposed to All Risks policy.â†’ All Risk