MLchartDataset catalogue

Open perils

Term · Insurance and risk management · MLC-T-INS-002413

A type of insurance coverage that protects against all causes of loss unless specifically excluded in the policy. This provides broader protection compared to named perils coverage, which only covers losses explicitly listed. Common exclusions in open perils policies include flood, earthquake, war, and nuclear hazard.

Table 1. Record
IdentifierMLC-T-INS-002413
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002413",
  "term": "Open perils",
  "field": "Insurance and risk management",
  "definition": "A type of insurance coverage that protects against all causes of loss unless specifically excluded in the policy. This provides broader protection compared to named perils coverage, which only covers losses explicitly listed. Common exclusions in open perils policies include flood, earthquake, war, and nuclear hazard.",
  "url": "https://mlchart.com/terminology/insurance/open-perils/"
}

Record 2,426 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.