A Named Perils Policy is a type of insurance that only covers losses from specific events listed in the policy—like fire, theft, or vandalism. If damage occurs from something not listed, it won’t be covered. While it often costs less than a broader “all-risk” policy, it can leave gaps if not carefully reviewed. Real estate investors must weigh the lower premium against potential out-of-pocket risks. Meridian encourages working with knowledgeable insurance professionals who understand rental property coverage and can help decide whether a Named Perils Policy fits your risk tolerance and financial goals.
