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What does the term "peril" mean in insurance?
  • a)
    A specific type of car insurance.
  • b)
    The possibility of having an accident.
  • c)
    Anything that can cause a loss based on policy coverage.
  • d)
    An insurance broker's commission.
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
What does the term "peril" mean in insurance?a)A specific ty...
In insurance, the term "peril" refers to anything that can cause a loss based on the coverage terms of an insurance policy. It encompasses various risks and events that may result in a claim.
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What does the term "peril" mean in insurance?a)A specific type of car insurance.b)The possibility of having an accident.c)Anything that can cause a loss based on policy coverage.d)An insurance broker's commission.Correct answer is option 'C'. Can you explain this answer?
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