The type of coverage describes which "perils" or risks your plan includes coverage for on your home (the building itself), detached structures (like a storage shed) and personal property (like furniture and clothing).
Depending on your plan, coverage for the property described above may be All Perils, Specified Perils or a combination of the two.
All Perils coverage provides protection against the widest range of risks and only excludes the perils specifically listed in your policy.
Specified Perils coverage still provides protection against the most common risks; however, coverage will only be provided for the specific perils named in your policy.
Examples of common perils covered include:
Note: The information above is a summary only and does not include all terms, conditions, limits and exclusions.