Peril

Jargon Buster

November 30, 2019

Jargon Buster

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Peril

Peril is an event that could happen in the future, such as a problem, emergency or an unexpected happening (including earthquake, fire or theft) which exposes a person or property to the risk of damage, injury or loss.

The peril may or may not be excluded by an insurance policy. A peril can be defined as that which gives rise to a loss.