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The designated contingency, risk, or hazard against which an insured seeks to protect himself or herself when purchasing a policy of insurance.

Among the various types of perils for which insurance coverage is available are fire, theft, illness, and death.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.

PERIL. The accident by which a thing is lost Lee,. Dr. Rom. 911.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
While MS sales have grown at a CAGR of 1.2% over the past decade, HSD sales are perilously close to dropping below decade low sales of 0.38mn tons recorded in Sep-2012.
authority In the letter, the authorities said: "After eight years of austerity, many councils have reached breaking point and council budgets are perilously close to collapse.
Grapefruit juice causes the levels of some drugs to soar dramatically in your body, causing breathing difficulties, slowing of the h eart and a perilously low blood pressure, depending on the type of drug(s).
Taiwan's power reserve margin fell to 6.03 percent, perilously close to the 6 percent threshold at which an orange alert is raised.
With eight games of the season to go, the Hammers sit perilously close to the drop zone after three straight league defeats.
When they arrived, the car was perilously close to the River Teith and the driver was gone.
A video posted Tuesday shows the young bear hanging perilously from an elevated platform deck in what ( KGO News describes as something akin to "a cat on one of those 'hang in there' posters."
The Martyrs have had a disastrous run of league form, earning only two points from their last six Southern League matches and are hovering perilously close to the relegation zone and now face title-chasing Leamington.
But with the Greek banks running perilously short of funds, opponents have warned that it could trigger a catastrophic financial collapse that could see the country forced out of the euro and possibly the European Union altogether.
On Sunday, the MNS came perilously close to drawing a blank but, more importantly, was relegated to the margins of politics in Maharashtra.
I think I've stumbled on to why celebs like Sarah Harding are pommel horsing about perilously on BBC1 show Tumble.
And there was almost a cliff-hanger duff duff when the guinea fowl refused to cook quickly enough and Jack's chocolate tart was perilously wobbly.