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Multi-peril Policy,

What is Multi-peril Policy?

  • Contrary to the name, the insurance terms for non-lifelines do not refer to policies that carry two or more risks. Rather, it is a policy that combines fire and damage protection and maritime protection in an agreement, as well as the owner's policy.

  • A comprehensive policy that protects you from all kinds of risks. A multi-risk policy is not necessarily a multi-line policy because common risks can be in the same line of insurance.

  • A single, all-inclusive insurance that provides protection against multiple risks

Literal Meanings of Multi-peril Policy

Multi:

Meanings of Multi:

  1. Too much.

Sentences of Multi

  1. Miscellaneous

Peril:

Meanings of Peril:

  1. Putting yourself at risk.

  2. Serious and immediate danger.

Sentences of Peril

  1. Jonathan risked his life for David

  2. The losses to the state can be compromised with the government.

Synonyms of Peril

insecurity, riskiness, uncertainty, hazard, put on the line, expose to risk, endanger, imperil, jeopardy, menace, perilousness, expose to danger, threat, put in jeopardy, put in danger, put at risk, danger, risk, threaten

Policy:

Meanings of Policy:

  1. Adopted or proposed by the government, political party, company or individual in accordance with the Code of Conduct.

  2. Illegal lottery or numbers game.

Sentences of Policy

  1. Controversial economic policy management

Synonyms of Policy

stance, attitude, code, strategy, proposed action, schedule, scheme, notions, approach, intentions, programme, theory, position, system, guidelines, line, plans, stratagem, blueprint

Multi-peril Policy,

How To Define Multi-peril Policy?

In contrast, the term multi-risk policy does not refer to a policy that covers two or more risks. Instead, it is a policy that combines accident and marine insurance into a contract, like a meoers policy.

Multi-peril Policy can be defined as, A comprehensive policy that protects you from a variety of risks. A multi-risk policy does not have to be a multi-line policy because common risks can be all in one line of insurance.

Literal Meanings of Multi-peril Policy

Peril:

Synonyms of Peril

pitfall, problem

Policy:

Sentences of Policy

  1. The government's controversial economic policy

Synonyms of Policy

rule, routine, custom, matter of course, way, style, convention, wont, practice, pattern, mode, tack, procedure