Extra Perils Insurance provides additional coverage against certain types of losses that may not be covered under your standard apartment or condo insurance policy. But what exactly is meant by an insured peril and what types of claims are commonly covered by Extra Perils Insurance? In this blog post, we will explore what Extra Perils Insurance is and what types of claims are covered by this type of insurance. We will also provide you with the information you need to learn more about your apartment or condo insurance policy coverage.
What Is Extra Perils Insurance?
If you’ve ever felt uneasy about the coverage that your traditional home insurance policy offers, you’re not alone. Fortunately, there is a solution – extra perils insurance.

Extra perils insurance provides comprehensive protection against all types of damages not covered by standard home insurance policies. These losses can include water leaks, mold growth, and even theft of items like jewelry or collections. It’s important to regularly review your policy to make sure that it’s adequate for the risks that you face.
What Is Meant By An Insured Peril?
When you buy a home, you are automatically covered by an insured peril policy. Common claims that are covered under an insured peril policy include damage caused by vandalism (including graffiti), theft (including burglary), and fires. In addition, this policy often includes coverage for damage caused by animals (such as raccoons or bears) and windstorms.
For example, Homeowner’s policies typically do not cover damage caused by pets or natural disasters (such as floods). They will be able to help guide you through the claim process step-by-step.
Types Of Covered And Non-Covered Perils
However, most policies will cover at least some of the following activities.
1) Basic maintenance repairs that may be covered: This includes tasks like fixing leaks or replacing broken windows.

2) Protection against specific insured perils: This includes coverage for fires, floods, tornadoes, and earthquakes.
3) Liability or property damages caused by pet animals: This covers damage done to your home or possessions due to the negligence of a pet owner.
4) Catastrophic incidents such as flooding or earthquake damage: If your home is damaged in a major flood or earthquake event.
5) Shut off of utilities due to weather or nonpayment: If power is lost because of bad weather conditions (like strong winds.
6) Loss or theft of personal belongings by burglary: If someone breaks into your home and steals personal belongings (like electronics).
Common Claims Covered By Extra Perils Insurance
Extra Perils Insurance is a policy that can help protect your business from a variety of common claims.
Fire and smoke coverage includes damage from fires and explosions. This coverage can help to cover the costs associated with restoring your business after a fire or explosion has occurred.
Explosion damage covers damage caused by an explosive event, such as an explosion at your business.
Glass breakage covers damage to glass that is in your business.
Water damage coverage covers property damage caused by water intrusion into your building or property, including foul water drainage problems and flooding caused by heavy rains or melting snow on roofs or sidewalks outside of buildings.

Damage from vehicles or aircraft coverage includes accidents involving cars, trucks, motorcycles, boats, planes/helicopters/spacecrafts (including drone crashes), and other types of vehicles driven on public roads (such as mopeds).
Vandalism coverage covers deliberate acts aimed at damaging property belonging to another person (or company) for no legitimate reason.
Learn More About Your Apartment Or Condo Insurance Policy Coverage
Extra-peril insurance can provide comprehensive protection in case of property damage. We look at some of the most common claims that renters make on their insurance policies. We also provide tips on how to save money while still getting comprehensive protection for your home and belongings.
It can also cover expenses related to replacing lost items or fixing damaged property. Some insurers require that you purchase an optional add-on called extra peril insurance. Your insurer may also have specific questions for you about specific types of damages.
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In A Nutshell
This type of insurance provides coverage against a variety of common perils, including fires, floods, and theft. It can also help to cover expenses related to repairs caused by negligence or accidents.