What Is a Covered Peril? By Mila Araujo, Updated on June 15, 2022, and Reviewed by Anthony Battle in
How does it function?
Types of Covered Perils: Named Peril vs. Open Peril (All-Risk) A covered peril is an event that can damage your home.
Your homeowners insurance policy will pay for the damage to your home if it is damaged by a covered peril.
Learn more about the risks covered by homeowners insurance and how to find out what your policy covers.
The events that have the potential to cause damages for which your insurance company will pay are referred to as “covered perils” in homeowners insurance.
Fire, wind, snow, and vandalism are examples of covered dangers.
Insurance policies for homeowners do not cover flood damage. A separate flood insurance policy is required for it.
Insurance covers the specific risks specified in a named peril policy.
