What is a Peril?

A contingency that gives rise to a loss e.g. fire, flood, earthquake etc.

• Related Articles

• What are the circumstances under which a claim maybe repudiated?

  When the peril which caused the loss was not covered under the policy or when the loss was not covered by the policy terms and conditions.

• Basic principles of insurance

  UTMOST GOOD FAITH – This is a duty upon the proposer to reveal all material facts about the proposed risk. A material fact is one which would influence the mind of a prudent underwriter in deciding whether to accept a risk or not and on what terms. ...

• Taxify Personal Accident Policy

  PREAMBLE   Whereas TAXIFY SHAREHOLDERS SPV OU (TAXIFY) has applied to Star Assurance Company limited (Hereinafter called the Company) for the insurance herein contained and has paid the premium in consideration for such insurance. The Company hereby ...

• Comprehensive Homeowners

  The Comprehensive Homeowners insurance policy provides five main covers. The first section covers the insured's building against Loss or damage caused by perils such as fire, explosion, lightning, storm, hurricane, tornado, flooding, earthquake, ...

• Marine

  Star Assurance provides three specific types of covers namely: Hull Insurance This refers to protection of vessel against damage to the structures and the machinery of the vessel caused by various perils such as collision, sinking, capsizing, ...