1. 
   NAMED PERIL
   Peril specifically mentioned as covered in an insurance policy.
   Found op http://www.glossarycentral.com/insurance/named_peril.html
   
   
2. 
   named-peril
   (from the article `insurance`) ...insurance on any peril except those later excluded in the policy. The advantage of these contracts is that if property is destroyed by a peril not ... Under named-peril forms, only losses from the perils named in the policy are covered. The named perils are sometime...
   Found op http://www.britannica.com/eb/a-z/n/5
   
   

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