Answer:
The options are given below:
A) All-risk policy.
B) Open-perils policy.
C) Named-perils policy.
D) Identified-perils policy.
The correct option is C.
Explanation:
Named-Perils Policy is a term that is used in property insurance and which refers to the policies that provide coverage only for the losses that are caused by the perils which have been specifically listed as covered. It is different from all risks policy, which is used to refer to the policy that covers the losses from all causes not specifically listed as excluded.
