Sentences with phrase «while open perils»

Named perils coverage compensates you when property damage is a result of an event listed on the policy, while open perils coverage compensates you under nearly any circumstance.

Not exact matches

If, however, a wild elephant tramples your new laptop while you're sitting on your porch with your morning coffee, that could be covered under an open perils policy but might not be under a named perils policy.

Some homeowners insurance may cover named perils while some may be open perils policy.

If, however, a wild elephant tramples your new laptop while you're sitting on your porch with your morning coffee, that could be covered under an open perils policy but might not be under a named perils policy.

While comparison shopping for insurance, you will encounter two different types of policies: named perils and open perils policies.