WA Public Adjuster Practice Questions - Washington Public Adjuster Exam

What is the difference between a 'named perils' and an 'open perils' policy?

Named perils only covers listed perils; open perils covers all risks except those specifically excluded They are identical in coverage Open perils is less comprehensive than named perils Named perils covers more situations than open perils

Correct Answer:

Named perils only covers listed perils; open perils covers all risks except those specifically excluded

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