Which of the following perils is covered under Named Perils Policies?

Named Perils Policies specifically cover risks that are explicitly listed in the policy document. These policies offer protection against a select group of perils, ensuring that policyholders are aware of what is included and excluded. Vandalism or malicious acts is a peril commonly included in Named Perils Policies. Such policies are tailored to protect against deliberate damage caused by individuals, making them a significant area of concern within property insurance.

In contrast, other perils like flooding due to heavy rainfall and earthquake damage typically fall under more extensive coverage or require specialized policies such as flood insurance or earthquake insurance, rather than being included in standard Named Perils Policies. Mechanical breakdowns usually involve coverage that is separate from property damage and must be addressed under specific types of policies that cover equipment or mechanical failure. Therefore, vandalism or malicious acts stand out as a clear example of coverage within Named Perils Policies, aligning with the expectations of what is usually included in such insurance agreements.