Which coverage is provided under open perils?

The correct answer is the personal articles floater, as this type of insurance offers coverage on an open perils basis, meaning it covers loss or damage to personal belongings from any cause except for specifically excluded perils listed in the policy. This approach is broader than named perils coverage, where only those perils explicitly mentioned are covered.

Personal articles floaters are designed to protect individual items like jewelry, art, or high-value collectibles against a wide range of risks, giving policyholders peace of mind that their valuable possessions have substantial coverage. In contrast, the other options typically provide more limited coverage.

For example, personal liability coverage generally protects against claims of bodily injury or property damage to others but does not relate to open perils. Dwelling coverage usually refers to homeowners insurance, which may primarily operate under named perils, and auto insurance is typically a separate category that offers specific coverages for vehicles rather than an open perils format. Understanding the distinctions between these coverage types helps clarify why the personal articles floater is the correct choice here.