Think of Named Peril Cover Insurance as a list of specific bad things you’re protected against. This list of “perils” (insurance term for risks) is right there in your policy contract. It usually covers things like fire, lightning, theft, and specific weather events.
How it Works:
The List: Your policy will have a clear list of covered perils. These are the only things you’re insured against.
Making a Claim: If something happens that’s on the list (like your barn burns down due to fire), you can file a claim. If it’s NOT on the list, you won’t be covered.
Lower Cost: Often cheaper than a policy covering all risks because it protects against fewer things.
Good for Specific Worries: If you live in an area with a high risk of particular events (like wildfires), this lets you focus on your protection.
We understand the challenges farmers face. Do you have questions about Named Peril Cover Insurance? Our team is here to help. Let’s start a conversation.