Under an open perils insurance policy:
A) covered perils are spelled out, usually using a numbered list
B) any piece of property not excluded is covered
C) absolutely all risks of losses are covered, those having an illegal purpose
D) all perils not excluded are covered

Question

Quizplus · Accepted Answer

Under an open perils insurance policy, all perils that are not specifically excluded are covered. This means that the policy provides coverage for a broad range of risks, rather than limiting coverage to specifically listed perils (as is the case with a named perils insurance policy).

Under an Open Perils Insurance Policy