Named Perils definition
Named Perils means:(A) FIRE AND LIGHTNING(B) EXPLOSION: Except with respect to explosion of natural, coal or manufactured gas, there shall in no event be any liability hereunder for loss or damage caused by explosion, rupture or bursting in or of the following property owned, operated or controlled by the Insured:
Named Perils means:
(1) FIRE OR LIGHTNING
(2) EXPLOSION: Except with respect to explosion of natural, coal or manufactured gas, there shall in no event be any liability hereunder for loss or damage caused by explosion, rupture or bursting or of the following property owned, operated or controlled by the Insured;
(i) The portions containing steam or water under steam pressure of all boilers generating steam, and piping or other equipment connected to said boilers and containing steam or water under steam pressure;
(ii) piping and apparatus or parts thereof normally containing steam or water under steam pressure from an external source and while under such pressure;
(iii) the combustion xxxxxxxx or fire boxes of steam generating boilers of the chemical recovery type and the flues or passages which conduct the gases of combustion therefrom:
(iv) smelt dissolving tanks;
(b) other vessels and apparatus, and pipes connected therewith, while under pressure, or while in use or in operation, provided their maximum normal internal working pressure exceeds 103 kilopascals (15 pounds) per square inch) above atmospheric pressure except that liability is specifically assumed for loss or damage resulting from the explosion of manually portable gas cylinders;
(c) moving or rotating machinery parts of same when such loss or damage is caused by centrifugal force or mechanical breakdown;
(d) any vessels and apparatus and pipes connected therewith while undergoing pressure tests, but this exclusion shall not apply to other property insured hereunder that has been damaged by such explosion;
(e) gas turbines; The following are not explosions within the intent or meaning of this section:
(i) electric arcing or any coincident rupture of electrical equipment due to such arcing;
(ii) bursting or rupture caused by hydrostatic pressure or freezing;
(iii) bursting or rupture of any safety disc, rupture diaphragm or fusible plug.
(3) IMPACT BY AIRCRAFT, SPACECRAFT OR LAND VEHICLE: The terms Aircraft and Spacecraft include articles dropped therefrom. There shall in no event be any liability hereunder due to cumulative damage or for loss or damage:
(a) caused by land vehicles belonging to or under the control of the Insured or any of his employees;
(b) to aircraft, spacecraft or land vehicles causing the loss;
(c) caused by any aircraft or spacecraft when being taxied or moved inside or outside of “buildings”.
Named Perils means: Fire, lightning, explosion, smoke, windstorm, hail, riot, civil commotion, aircraft, vehicles, vandalism, sprinkler leakage, sinkhole collapse, volcanic action, watercraft and malicious intent.
Examples of Named Perils in a sentence
This Form is extended to insure loss of or damage to growing plants, trees, shrubs or flowers outside the building caused directly by Named Perils (with the exception of windstorm or hail), or from theft or attempted theft.
Named Perils ensues and then only for such ensuing loss or damage.
Bulkheads, piers, wharves, bridges, docks, or tunnels but this exclusion does not apply to loss or damage is caused directly by Named Perils, theft, or attempted theft.
Wear and tear, sudden, unexpected, unintended or latent defect, or any quality in property that causes it to damage or destroy itself, inherent vice, faulty or improper material, workmanship, or design, but this exclusion does not apply to loss or damage caused directly by Named Perils, rupture of pipes or breakage of apparatus not otherwise excluded under this Policy, theft or attempted theft or accident to transporting conveyance.
Furs, fur garments, jewels, jewellery, costume jewellery, watches, pearls, precious and semi-precious stones, but this exclusion does not apply to loss or damage caused directly by Named Perils.
More Definitions of Named Perils
Named Perils means that only those perils named in the policy language are covered; whereas “open perils” means that everything is covered unless it is specifically excluded. You can see that this could be important in a loss situation if the contents of your house are valuable.
Named Perils means:
1. Fire or Lightning
2. Explosion except with respect to explosion of natural, coal or manufactured gas, there shall in no event be any liability hereunder for loss or damage caused by explosion, rupture or bursting or of the following property owned, operated or controlled by the Insured:
a) the portions containing steam or water under steam pressure of all boilers generating steam, and piping or other equipment connected to said boilers and containing steam or water under steam pressure;
b) piping and apparatus or parts thereof normally containing steam or water under steam pressure from an external source and while under such pressure;
c) the combustion xxxxxxxx or fire boxes of steam generating boilers of the chemical recovery type and the flues or passages which conduct the gases of combustion therefrom;
d) smelt dissolving tanks;
(ii) other vessels and apparatus, and pipes connected therewith, while under pressure, or while in use or in operation, provided their maximum normal internal working pressure exceeds 103 kilopascals (15 pounds per square inch) above atmospheric pressure except that liability is specifically assumed for loss or damage resulting from the explosion of manually portable gas cylinders;
(iii) moving or rotating machinery parts of same when such loss or damage is caused by centrifugal force or mechanical breakdown;
(iv) any vessels and apparatus and pipes connected therewith while undergoing pressure tests, but this exclusion shall not apply to other property insured hereunder that has been damaged by such explosion;
(v) gas turbines; The following are not explosions within the intent or meaning of this section:
a) electric arcing or any coincident rupture of electrical equipment due to such arcing;
b) bursting or rupture caused by hydrostatic pressure or freezing;
c) bursting or rupture of any safety disc, rupture diaphragm or fusible plug.
3. Impact by Aircraft, Spacecraft or Land Vehicle: The terms Aircraft and Spacecraft include articles dropped therefrom. The term Aircraft includes unmanned air vehicles (UAVs). There shall in no event be any liability hereunder due to cumulative damage or for loss or damage:
(i) caused by land vehicles belonging to or under the control of the Insured or any of his employees;
(ii) to aircraft, spacecraft or land vehicles causing the loss;
(iii) caused by any aircraft or spacecraft when being taxied or moved inside or outside of “buildings”.
Named Perils means (continued):
Named Perils means:
(A) FIRE OR LIGHTNING
(B) EXPLOSION: Except with respect to explosion of natural, coal or manufactured gas, there shall in no event be any liability hereunder for loss or damage caused by explosion, rupture or bursting in or of the following property owned, operated or controlled by the Insured:
(a) the portions containing steam or water under steam pressure of all boilers generating steam, and piping or other equipment connected to said boilers and containing steam or water under steam pressure;
(b) piping and apparatus or parts thereof normally containing steam or water under steam pressure from an external source and while under such pressure;
(c) the combustion xxxxxxxx or fire boxes of steam generating boilers of the chemical recovery type and the flues or passages which conduct the gases of combustion therefrom;
(d) smelt dissolving tanks;
(ii) other vessels and apparatus, and pipes connected therewith, while under pressure , or while in use or in operation, provided their maximum normal internal working pressure exceeds 103 kilopascals (15 pounds per square inch) above atmospheric pressure except that liability is specifically assumed for loss or damage resulting from the explosion of manually portable gas cylinders;
(iii) moving or rotating machinery or parts of same when such loss or damage is caused by centrifugal force or mechanical breakdown;
(iv) any vessels and apparatus and pipes connected therewith while undergoing pressure tests, but this exclusion shall not apply to other property insured hereunder that has been damaged by such explosion;
(v) gas turbines; The following are not explosions within the intent or meaning of this section;
(a) electric arcing or any coincident rupture of electrical equipment due to such arcing;
(b) bursting or rupture caused by hydrostatic pressure or freezing;
(c) bursting or rupture of any safety disc, rupture diaphragm or fusible plug.
Named Perils is as defined in the Commercial Common Agreements, Definitions, Exclusions and Conditions Form (COMM) which form part of this policy.
Named Perils means the following perils:
Named Perils means:
(a) Fire or Lightning