Open-peril (all-risk style) forms cover sudden accidental losses except what’s excluded; named-peril forms only list covered causes. Either way, exclusions like flood or earth movement still matter in Tennessee.
Peril
- What it means
- A cause of loss named or contemplated by an insurance policy — fire, theft, wind, and hail are everyday examples.
- Tennessee example
- A spring hailstorm in Murfreesboro is a peril your homeowners or auto comprehensive discussion may address; flood is often a separate peril conversation.
- Why it hits your wallet
- Policies cover (or exclude) perils; knowing which storm or accident type you're talking about prevents 'I thought that was included' surprises.