Same-day delivery for local parcels (such as documents) has long been available by local courier. Rail and air transport made same-day delivery feasible over longer distances; for example, packages shipped in the early morning can be delivered (at relatively high cost) anywhere in the mainland United States.
A multi-peril policy is an insurance policy that covers a number of different causes of loss, rather than just one. These types of policies provide comprehensive coverage and are common in property insurance. Many insurance policies only offer coverage for one type of peril. For example, earthquake insurance may only cover earthquakes.
Perils are also referred to as risks. Your insurance policy will refer to perils in your policy contract. The term insured peril refers to risks or sources of damage that are insured. Perils may also refer to the source of an injury for which you may be held liable. Examples of some perils are: water damage. âfire. theft. flood.