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What Are Named Perils?

Posted by admin | Posted in Auto, Flood, Home, Personal Insurance | Posted on 16-06-2011

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Named perils are events that a homeowners insurance policy specifies as covered, such as, lightning, fire, hail or windstorm, just to name a few. Depending on what type of policy you have, there are open peril or named peril homeowner policies. Named perils, you specifically name which perils your homeowners insurance will cover, on the other hand, open peril policies have broader coverage.

While a HO-3 policy is a much more comprehensive policy, the HO-2 policy covers 16 named perils:

  1. Lightning or fire
  2. Hail or windstorm
  3. Damage caused by aircraft
  4. Explosions
  5. Riots or civil disturbances
  6. Smoke damage
  7. Damage caused by vehicles
  8. Theft
  9. Vandalism
  10. Falling objects
  11. Volcanic eruption
  12. Damage from the weight of snow, ice, or sleet
  13. Water damage from plumbing, heating, or air conditioning overflow
  14. Water heater cracking, tearing, and burning
  15. Damage from electrical current
  16. Pipe freezing

Keep in mind, flood and earthquake are excluded from any homeowners insurance policy. They are their own seperate policies!

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