What are examples of perils?

Perils encompass events that can damage your home and belongings. Here are the 16 covered perils (commonly referred to as “named perils”) listed on basic homeowners insurance policies:

  1. Fire or lightning

  2. Windstorms and hail

  3. Theft

  4. Vandalism or malicious mischief?

  5. Explosions

  6. Weight of ice, snow, and sleet

  7. Falling objects

  8. Riots or civil commotion

  9. Smoke

  10. Damage from aircraft

  11. Damage from vehicles

  12. Volcanic eruption

  13. Accidental water/steam overflow discharge

  14. Sudden and accidental tearing apart, cracking, burning, or bulging of an appliance*

  15. Sudden and accidental damage from artificially generated electrical current

  16. Freezing

*Includes hot water heating systems, air conditioning or fire sprinkler systems, and water heating appliances

Please note there are other perils that will generally NOT be covered by a home insurer, including: earthquakes, landslides and mudflows, floods, termites, mold, and acts of war.

To protect against perils like flooding and earthquakes, you may be able to purchase coverage as an endorsement on your policy or a specialized policy from the government or a private insurer.

Named perils vs open perils

Named perils and open perils refer to the different types of coverage provided in your home insurance policy. “Named perils coverage” means you are covered for specific perils listed in your policy. “Open perils coverage” means you are covered from all perils unless the peril is specifically excluded in your policy. Common examples of excluded perils are flooding and earthquakes. You'll typically pay more for a home insurance policy with open perils coverage, since your home insurance company will be assuming more risk. 

Homeowners insurance is a complicated subject. Do you have more questions about how to protect your property and get the best value for your investment? Contact our insurance professionals today with your questions or to request a free quote.