Definition Series for the Insurance Illiterate: Peril

Definition of Peril [Per-uh l] // exposure to or cause of a possible loss, such as bodily injury or property damage (fire, lightning, theft). In plain English, something bad that happened. EXAMPLE OF PERIL “My dog Mr. Snuggles ate our couch. Is this an insured peril?” INSURELY SAYS… If Mr. Snuggles rips through your couch […]