What is the difference between a named perils policy and an open perils policy?

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What is the difference between a “named perils” policy and an “open perils” policy?

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Introduction to Risk Management and Insurance

ISBN: 978-0131394124

10th edition

Authors: Mark S. Dorfman, David Cather

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Question Posted: Dec 07, 2015 06:16 AM

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What is the difference between a named perils policy and an open perils policy?

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A named perils policy creates liability for the insurer only if the pro...View the full answer

Introduction to Risk Management and Insurance

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