Compare / Named-Peril vs Open-Peril Policies
Named-Peril vs Open-Peril Policies
The two policy structures flip the burden of proof on coverage.
| Feature | Named-Peril | Open-Peril |
|---|---|---|
| Coverage trigger | Listed perils only | All perils unless excluded |
| Burden of proof | On you | On insurer |
| Premium | Lower | Higher |
| Common on | HO-1, HO-2, contents | HO-3, HO-5 dwelling |
Best for Named-Peril
Budget-driven buyers in low-risk areas.
Best for Open-Peril
Most homeowners who want broad protection.