What are “insured perils”?
“Insured perils” are risks or events leading to a financial loss covered by an insurer.
These are examples of insured perils:
- Fire, lightning, thunderbolt or subterranean fire
- Aircraft and other aerial devices and articles dropped therefrom
- Collision or Impact
- Bursting or overflowing of domestic water tank, apparatus or pipe
- Theft accompanied by actual forcible and violent entry or exit
- Hurricane, cyclone, typhoon, windstorm and flood
- Earthquake or volcanic eruption
- Riot, Strike and Malicious Act