Author Topic: Peril  (Read 1063 times)

Offline rahim2008

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« on: March 20, 2020, 10:37:18 AM »
Peril is the source of loss as distinct from the uncertainty of loss. For example, a fire, an earthquake and a liability judgment are same sources from which loss emerges. There are perils that give raise to risk but they are not risk in themselves in insurance.