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General

Open Peril (All-Risk)

An open peril policy covers all causes of loss except those specifically excluded. It provides broader protection than a named peril policy because you do not need to match your loss to a listed cause.

A policy that covers all causes of loss except those specifically excluded. Example: a modern homeowners open-peril form will pay for a kid driving a toy through your TV. A named-peril form would not, because random impact from a household occupant is not on the list.