What type of insurance policy only insures against perils that are specifically listed in the policy?

An all-risk policy, also known as an open peril policy, covers a wide range of risks unless specifically excluded in the policy. This type of insurance provides broader coverage compared to a named peril policy, as it protects against any peril that is not explicitly mentioned as an exclusion.

An open peril policy, similar to an all-risk policy, covers all risks except for those that are specifically excluded in the policy. It provides extensive protection and does not limit coverage to only those perils that are named, contrasting sharply with the concept of a named peril policy.

A special policy generally refers to a type of insurance that may have specific terms or conditions, but it does not specifically denote a policy that covers only named perils. Instead, it can encompass a variety of coverage types and does not adhere to the strict limitations of a named peril policy.