What Does Open Peril Policy Mean?
What does Open Peril Policy mean? Read on to discover the definition & meaning of the term Open Peril Policy - to help you better understand the language used in insurance policies.
Open Peril Policy
Insurance policy that protects the insured from losses caused by any peril that is not specifically excluded by the policy; also called all risk and special coverage.
We hope the you have a better understanding of the meaning of Open Peril Policy.
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