Covered Peril

Incendiarism
Incendiarism refers to the act of deliberately setting fire to property, an act commonly known as arson. Arson is typically a covered peril under property insurance contracts, provided the property owner is not responsible for the arson.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.