Insurance Glossary

Perils

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

What is perils?

Perils are the specific risks or events a policy insures against - such as fire, theft, storm or accident. 'Insured perils' are those covered; anything else is excluded.

Example

Fire, hail and theft are common insured perils on a comprehensive car policy.

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