Dictionary of Finance and Investment Terms: multiple peril insurance
multiple peril insurance
policy that incorporates several different types of property insurance coverage, such as flood, fire, wind, etc. In its broadest application, the term is synonymous with all-risks insurance, which covers loss or damage to property from fortuitous circumstances not specifically excluded from coverage. Do not confuse multiple peril insurance with multiple protection insurance, which is a form of life insurance policy combining features of term and whole life insurance.
Dictionary of Insurance Terms: multiple peril insurance
multiple peril insurance
personal and business property insurance that combines in one policy several types of property insurance covering numerous perils. However, no liability insurance is provided.
