Insurance Concept of the Week: Comprehensive Coverage/Open Perils

Each week we will post and define an industry term or concept for our readers.

Home insurance policies cover different causes of loss (i.e. hail, fire, windstorm, etc.). An insurance policy that covers all causes of loss, except those specifically listed as an exclusion, provide what is called comprehensive or open perils coverage. Policies may be written in different ways and with different loss coverage. It's best to speak with your agent if you have questions about your specific policy and what it protects against.