# Property & Casualty Exam Prep 20, Homeowners Perils and Open Perils

Page: https://stenobird.com/podcast/insurance-exam-prep-7644557/property-casualty-exam-prep-20-homeowners-perils-and-open-perils
Text version: https://stenobird.com/podcast/insurance-exam-prep-7644557/property-casualty-exam-prep-20-homeowners-perils-and-open-perils.md
Podcast: [Insurance Exam Prep](https://stenobird.com/podcast/insurance-exam-prep-7644557)
Published: 2026-06-22T23:26:01+00:00
Episode link: https://open-exam-prep.com/
Audio file: https://episodes.captivate.fm/episode/9116bef0-1c20-4228-b047-b3146c75b92b.mp3
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Duration seconds: 151

## Resource

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The fundamental difference between named perils (what's listed is covered) and open perils (what's not excluded is covered). - How the common HO-3 policy provides open perils coverage for the dwelling and named perils for personal property. - Why the burden of proof shifts from the insured in a named perils policy to the insurer in an open perils policy. - Exam-style scenarios, like why a deer damaging a wall is covered on an HO-3 but damage to a couch is not. - Key limitations on broad form perils, such as the 60-day vacancy clause for vandalism coverage. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep

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## Transcript

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