Identify the policy that covers losses caused by all perils except those excluded.
A)No risk perils policy
B)Flexible-perils policy
C)Open-perils policy
D)Named-perils policy
E)Closed-perils policy

Question

Quizplus · Accepted Answer

An open-perils policy covers losses caused by all perils except those specifically excluded in the policy, offering broader protection than a named-perils policy, which only covers the perils listed.

Identify the Policy That Covers Losses Caused by All Perils