Understanding Open Perils Coverage
When it comes to homeowners insurance, one of the biggest decisions is whether to choose open perils or named perils coverage. An HO open perils policy—sometimes called “all-risk coverage”—protects your home from any cause of loss unless it’s specifically excluded in your policy.
This broader approach is often preferred because it shifts the burden of proof to the insurer—you don’t have to prove a specific peril caused the damage, as long as it’s not excluded.
Open Perils vs. Named Perils
- Named Perils Coverage – Only covers damage caused by specific events listed in your policy (e.g., fire, theft, windstorm). If it’s not on the list, it’s not covered.
- Open Perils Coverage – Covers everything except what’s specifically excluded. Common exclusions include floods, earthquakes, normal wear and tear, and intentional damage.
What’s Typically Covered by an HO Open Perils Policy
- Fire and smoke damage
- Wind and hail damage
- Theft and vandalism
- Falling objects
- Water damage from sudden and accidental discharge
- Damage from vehicles or aircraft
- Weight of ice, snow, or sleet
Common Exclusions to Know
Even with open perils coverage, some losses won’t be covered unless you purchase separate policies or endorsements:
- Flood damage (requires separate flood insurance)
- Earthquake damage
- Wear and tear or maintenance issues
- Mold or fungus damage (unless caused by a covered event)
- Sewer or drain backups (can be added with an endorsement)
Why Open Perils Coverage Matters in North Carolina
With North Carolina’s diverse risks—from hurricanes on the coast to ice storms in the mountains—open perils coverage provides broader protection than named perils. It’s especially valuable for higher-value homes, second homes, or properties with unique features where unexpected risks could be costly to repair.
How Sizemore Insurance Helps
We’ll:
- Compare open perils and named perils policies from multiple carriers
- Help you understand exclusions and optional add-ons
- Make sure your dwelling and personal property limits match your needs
- Customize your policy based on your location—whether that’s Wilmington, Raleigh, Charlotte, or the Outer Banks
Get a Quote for Open Perils Coverage
Whether you’re buying your first home or upgrading your protection, we’ll make sure you know exactly what’s covered. Start your quote online in minutes or call (910) 791-1011 to speak with a Sizemore Insurance advisor.