Which coverage type provides protection for all perils unless a specific exclusion applies?

• A. All-risk coverage excludes most common hazards to reduce risk.
• B. Named perils covers only listed hazards; all-risk covers all perils unless excluded.
• C. Named perils covers all hazards; all-risk covers only the items named in the policy.
• D. All-risk policy requires endorsements to apply to dwellings.

Answer: (B)