Not exact matches
Named
perils content insurance is also less
expensive than
open perils policy because named
perils only covers you for the specified risks on the policy such as fire, smoke, lightning, vandalism, theft and other items listed on your policy.
Open perils policies are much more
expensive, and named
perils policies cover virtually all circumstances of concern.
As the name suggests,
open peril policies cover claims caused by any sort of disaster, and they are very
expensive.
Open peril, a more
expensive option, covers loss regardless of the cause unless specifically excluded, like flooding in most cases.
An
open policy is much more
expensive, and named
perils policies tend to be quite comprehensive.