Sentences with phrase «open perils mean»
Open perils means that if something is not specifically excluded, it's covered.
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If you prefer to have even broader coverage, you can often add «open perils» coverage to the policy, which means that any cause of loss not specifically excluded is covered.
Generally floaters are written on an open perils basis which means that, save for exclusions such as nuclear hazard, the property is covered regardless of the cause of loss.
Open perils coverage means that your personal property is protected against direct physical loss or damage from any cause that has not been excluded.
First of all, this gives you open perils on personal property, meaning if it's not excluded, it's covered.
The endorsement provides you with open perils coverage, meaning that your items are covered for everything except what is explicitly excluded in your policy.
The endorsement provides you with open perils coverage, meaning that your items are covered for everything except what is explicitly excluded in your policy.
Generally floaters are written on an open perils basis which means that, save for exclusions such as nuclear hazard, the property is covered regardless of the cause of loss.
HO - 3 plans are «open - peril,» meaning they cover all risks except those your insurer excludes.
Usually the open perils wording is to the effect of «We insure against risk of direct physical loss...» meaning that open perils doesn't keep you tied to the same list of covered events as named perils would.
This is called «open perils» coverage, and means that whatever causes the loss, so long as it's not excluded, there is likely to be coverage.
«Open - peril» means that you are covered against all losses except those that are expressly excluded on your policy.
Renters insurance liability is on an open perils basis, which means that generally anything not excluded (like criminal acts) is covered under your renters insurance liability coverage.
First of all, this gives you open perils on personal property, meaning if it's not excluded, it's covered.