Open Perils and Named Perils Coverage–What is the Difference?

Chip Merlin – June 19, 2013 Les Knox and I had an interesting discussion regarding all risk insurance and named perils coverage while debating a loss on the Jersey Shore. Les referred to the policy as an “open perils” policy, and I referred to it as an “all risk” policy. The personal property coverage was written… Continue reading Open Perils and Named Perils Coverage–What is the Difference?

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