What is "named perils" coverage?
Coverage for named perils — and the similar term of "specified peril" coverage — means that the policy may cover damage or loss from all potential perils unless specifically excluded in that insurance policy.
What is "open perils" coverage?
Coverage for “open perils”— and similar terms such as "all perils," "all risk," or "special perils," coverage — means that damage or loss from all potential perils may be covered unless specifically excluded in the insurance policy.
Flooding is an example of a peril generally excluded from coverage. For this and other exclusions, you may be able to add riders or purchase separate policies such as flood insurance to insure your home against damage from excluded perils. Learn more about covered perils.
Choosing “named perils” vs. open peril coverage
An open peril version of any policy coverage will likely be more expensive than the "named-peril" version of the same policy coverage. An open peril policy provides broader coverage than the “named peril” policy.