Insurance Glossary

Peril

Last reviewed 25 July 2026 · by the Savvy Insurance editorial team

What is peril?

A peril is an event that can cause loss or damage - such as fire, theft, storm, flood or accident. Policies list the perils they cover; a 'named perils' policy covers only those stated, while wider cover includes more.

Example

Hail is a peril covered by comprehensive car insurance, so hail damage to your bonnet can be claimed.

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