Many years ago, most people bought insurance that would protect them only if their home was damaged by fire. Over the years, insurance companies began to offer protection for damage or loss from other causes such as windstorm, hail, vandalism, and theft. This type of homeowners insurance policy is referred to as a “named peril” policy. It covers damage to your home only if the loss is caused by something specifically listed in the policy. There is a second type of homeowners insurance policy that covers damage or loss from all causes except causes that are specifically excluded. This comprehensive policy is referred to as an “open perils” policy. Today, most insurance companies in Virginia sell both “named peril” homeowners insurance policies and “open perils” homeowners insurance policies. It is important to realize that even an “open perils” policy does not cover every possible cause of loss. No homeowners insurance policy available in Virginia today covers property damage losses due to all causes. For example, no homeowners policy pays for damages caused by nuclear accidents or war, and generally, homeowners policies do not cover damages caused by a flood.