peril insured against definition
Probable cause (such as an earthquake, fire, theft) that exposes a person or property to the risk of damage, injury, or loss, and against which an insurance cover (policy) is purchased. You should always try and do things the right way but if things go wrong you can't just wallow in peril you must persevere. 23 people found this helpful. You need to make sure that your company is always ready for a disaster so that you are not left in peril when one strikes.