Insurance Term of the Day: Named peril

It’s getting late on a Full Moon Halloween night. After getting home from taking the kids trick-or-treating, you give them baths and tuck them in to sleep. Closing the bedroom door, you walk down the hallway, shutting off the lights. As you descend the stairs to your bedroom, the hallway light flickers back on. “Strange,” you think, as you walk back up to turn the light off again. Reaching the top of the stairs, you’re stopped dead in your tracks as you notice a black silhouette standing right beside the light switch at the opposite end of the hallway. You’re stunned, and you can’t move. Suddenly, there’s an awful shriek, that mimics laughter from the ghost, as “it” shuts the light back off. You’re trapped in the dark. You still can’t move, and your heart is racing faster than ever. Until—the ghost flickers the light back on, off again, on again, in a never-ending cycle. “Stop it!” you yell, “you’re going to start a fire!!!” You bolt in the direction of the light switch, and the ghost is gone, leaving behind a burst of flames in the hallway. “How will my insurance company ever believe this?!” you scream as you gather the kids and call nine-one-one.
Peril means danger, but in insurance terms, could be better explained as a risk that could result in damage. If you have a “Named Peril” homeowner’s policy, this means that there is a list of specific risks that are covered by your policy. Examples of named perils include fire or lightning, aircraft, vehicles, smoke, theft, and windstorm. If you need to file a claim, it’s your job as the insured to show your loss is covered through a listed peril. Anything not listed in the named perils is excluded from your coverage. For example, if the ground shifts, causing the foundation of your home to crack, you wouldn’t be covered because “Earth movement” is an exclusion on the homeowner’s policy. However, in the scenario described above, you’d be covered under “fire,” but good luck explaining what happened without getting looked at like you’re crazy.
It’s always beneficial to talk to your agent about what kind of perils you can add onto your homeowner’s policy.
Do you have questions about your insurance? Find an insurance agent near you with our Agent Finder
Search All Blogs
Search All Blogs
Read More Insurance Blogs
The Quiet Promise: Why Life Insurance is the Ultimate Act of Fatherhood
Father’s Day is about the legacy you leave. Learn how a well-structured life insurance policy is the most unselfish way to say “I’ve got you covered.”
A Legacy Beyond the Tie: Why Life Insurance is the Real Father’s Day MVP
Forget the socks. This Father’s Day, give the gift of absolute certainty. Discover why Life Insurance is the ultimate act of modern fatherhood.
The Ultimate Seatbelt: Why Life Insurance is the Core of National Safety Month
You wear a seatbelt and a helmet—why wouldn’t you wear a financial safety net? See how Life Insurance fits into your National Safety Month goals.
Beyond the Holiday: Using Memorial Day to Discuss Family Financial Security
This Memorial Day, honor the past by securing your family’s future. A guide to transitioning from military to private life insurance.
The Family Ladder: Structuring Life Insurance to Match Your Kids’ Milestones
Don’t overpay for life insurance. Discover how the “Laddering” strategy provides maximum protection for your kids while saving you thousands in premiums.
The Greatest Gift: Why Life Insurance is the Ultimate Act of Motherhood
This Mother’s Day, give the gift of certainty. Discover how modern life insurance provides “Living Benefits” that support moms through every stage of life.
More Good Days, Together: How Mental Wellness Impacts Your Life Insurance in 2026
Your mental health matters as much as your physical health. Discover how prioritizing your wellness can actually improve your life insurance options this May.
Rebuilding More Than Houses: Using Life Insurance to Fund Your Charitable Legacy
Inspired by National Rebuilding Day? Learn how to leave a lasting impact on your community by naming a charity as a life insurance beneficiary.
National Pet Day: Ensuring Your Life Insurance Includes a Plan for Your Pets
Who will care for your pet if you aren’t there? This National Pet Day, discover how to use Life Insurance to fund a Pet Trust and protect your best friend.
Spring Clean Your Beneficiaries: A New Quarter Checklist for Life Insurance
As we enter the second quarter of 2026, it’s time for a 5-minute life insurance audit. Ensure your coverage matches your family’s newest milestones.