By Eli Goins · FL DFS #P159790 · Reviewed: · 1 min read
Short answer: All risk, properly called open peril, means your policy covers any cause of loss that is not specifically excluded. It's broader than named-peril coverage, but the exclusions become the real coverage boundary. Common exclusions include flood, earthquake, war, and wear and tear. Under open-peril coverage, you show damage and the carrier must prove an exclusion applies.
What to read next
- Dwelling coverage form: open peril or named peril?
- Exclusions section: the real coverage boundary
- Endorsements: often restrict coverage further
Common exclusions (even in "all risk")
- Flood
- Earthquake
- Mold (above sublimit)
- War
- Ordinance or law (above sublimit)
- Wear and tear / neglect
Burden of proof
Under open-peril coverage, the insured shows damage and the carrier has the burden to prove an exclusion applies.