peril in insurance means

Assessment: WAEC SSCE - Insurance - 2016 (Objective) Subject: Insurance

Question 1 Report

peril in insurance means

Answer Details
In insurance, peril refers to an event or circumstance that may lead to a loss or damage to an insured object or property. This means that peril refers to the specific risks or causes of loss that are covered by an insurance policy. For example, perils covered by a fire insurance policy may include fire, lightning, and explosions, among others. In other words, the term "peril" is used to describe the type of risk that an insurance policy covers.

Download The App On Google Playstore

Everything you need to excel in your exams

Green Bridge CBT Mobile App
Personalized AI Learning Chat Assistant
200,000+ Exam Questions Across IGCSE, JAMB, WAEC & NECO
Over 3,900 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning