Which of the Following Statements Is True About Open-Perils Policy

Multiple Choice

Which of the following statements is true about open-perils policy and named-perils policy?

A) Open-perils policies cover many perils not covered by named-perils policies.
B) An open-perils policy covers only losses caused by the perils listed in the policy.
C) A named-perils policy is also known as the "all risk" policy.
D) The exclusions in a named-perils policy are more definitive of coverage than in an open-perils policy.
E) A named-perils policy provides broader coverage than an open-perils policy.