[N032]

natural perils

One of the three categories of perils commonly considered by insurance, the other two being human perils and economic perils. This category includes such perils as injury and damage caused by natural elements such as rain, ice, snow, typhoon, hurricane, volcano, wave action, wind, earthquake, or flood.

(See Economic Perils, Human Perils, and Peril.)

Copyright: The Rough Notes Company, Inc., 1998, All Rights Reserved. 3040100