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![Named Peril vs Open Peril](https://static.wixstatic.com/media/523cf885560e2e97c24a642a188003a7.jpg/v1/fill/w_320,h_240,fp_0.50_0.50,q_90,enc_auto/523cf885560e2e97c24a642a188003a7.webp)
- 2 min
Named Peril vs Open Peril
Perils are considered causes of loss. There are named perils and open perils.
![](https://static.wixstatic.com/media/212514_e80a7248017241dca6282b58639030a4~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/212514_e80a7248017241dca6282b58639030a4~mv2.webp)
![HO3 or HO5 Home Insurance Policy - What's the BIG Difference?](https://static.wixstatic.com/media/212514_e80a7248017241dca6282b58639030a4~mv2.jpg/v1/fill/w_320,h_240,fp_0.50_0.50,q_90,enc_auto/212514_e80a7248017241dca6282b58639030a4~mv2.webp)
- 3 min
HO3 or HO5 Home Insurance Policy - What's the BIG Difference?
The benefit of having an H05 policy is that you are covered in additional circumstances for damage to your personal property.