Your home insurance policy type will determine whether or not your dwelling and personal property are covered on a named or open peril basis. Generally, perils are covered as: The policy you ...

Data released by the state of Florida shows more and more homeowners are opting for an alternative form of home insurance — ...

Unlike HO-1 and HO-2, which only provide coverage for specific, named perils, HO-3 home insurance policies cover your dwelling and other structures on your property under open perils coverage.

Scheduled personal property is also generally covered on an open perils basis, which means all loss types are covered unless ...

There are two types of perils: named perils and open perils. Named perils are damages listed in your policy. A homeowners insurance policy has 16 named perils. A few common perils are fire ...

However, some specific perils are almost always excluded from home insurance dwelling coverage, most notably floods and earthquakes. If you have what's called an open-peril policy, these exclusions ...

DP-2: Provides replacement cost or actual cash value coverage and adds additional perils, such as wind, hail, vandalism and damage from burglary. — DP-3: Often called “open peril” coverage ...