You have the option of buying open peril coverage for fewer restrictions and adding endorsements to fill the gaps of the more
common named peril policies.
Not exact matches
Provides all risks coverage (except those specifically excluded in the
policy) on buildings and broad
named -
peril coverage on personal property, and is the most
common package written.
These are
common perils, but there are others
named in the
policy as well, for which the contents of your apartment might be covered.
The things that you own are covered against
common perils named in the
policy such as fire, theft, and vandalism.
Open
perils policies are much more
common today for the actual building but on a renters insurance
policy for the contents you would see a
named perils policy.
Provides all risks coverage (except those specifically excluded in the
policy) on buildings and broad
named -
peril coverage on personal property, and is the most
common package written.
Open
perils policies are much more
common today for the actual building but on a renters insurance
policy for the contents you would see a
named perils policy.
Provides all risks coverage (except those specifically excluded in the
policy) on buildings and broad
named -
peril coverage on personal property, and is the most
common package written.
Common problems found on insurance declaration pages may include mistakes, like a misspelled
name or for example, if you asked for an Open
Perils policy and the insurance company may accidentally issue a
Named Perils policy.
The Condo Association's Master
Policy usually covers the building structure and
common areas, but your HO - 6 coverage is what protects your personal belongings from
named perils such as fire, storms, lightning, explosion, wind damage and theft.
These are
common perils, but there are others
named in the
policy as well, for which the contents of your apartment might be covered.
A basic HO - 3
policy is the most
common type, and covers your home against 16
named perils, including fire, burst pipes, falling trees, and more.
The more
common and affordable of the two,
named perils policies, cover damage that results from a list of disasters.