What is Open Perils? | PROPERTY-CASUALTY Exam Prep

Open perils coverage (also called "all-risk" or "special form") protects against all causes of loss EXCEPT those specifically excluded in the policy, providing broader protection than named perils. 📚 Learn more about Open Perils and other key terms for your PROPERTY-CASUALTY exam at Open Exam Prep. 🎯 This term appears on: PROPERTY-CASUALTY 🔗 Full glossary: https://www.open-exam-prep.com/glossary 🔗 Open Perils definition: https://www.open-exam-prep.com/glossary/open-perils 💡 Exam Tip: Open perils = all risks EXCEPT exclusions. Insurer must prove exclusion. HO-3 dwelling, HO-5 everything. --- #insurance #examprep #financeexam #property-casualty