Open perils cover all the causes of loss not specifically excluded in the policy. Common exclusions on open peril policies include damage resulting from earthquakes, floods, nuclear incidents, acts of terrorism, and war. Named perils require the actual cause of loss to be listed in the policy for insurance to be provided. The more common named perils include such damage - causing events as fire, lightning, explosion, and theft.
the standard fire policy is a named perils contract which means
require the actual cause of loss to be listed in the policy for insurance to be provided