Which of the following is an example of a named peril policy?

A named peril policy is characterized by specifying particular risks that are covered under the policy. In this case, the choice that refers to coverage for specific perils such as fire and theft aligns perfectly with the definition of a named peril policy. This type of policy lists the exact risks for which coverage is provided, allowing the policyholder to be aware of what is included in their protection.

The other options do not fit the definition of a named peril policy. A policy that covers all losses except those explicitly excluded is known as an "open peril" or "all risk" policy, which is broader in scope. A policy that only offers liability coverage does not provide coverage for tangible property loss or damage, thus not fitting into the context of property peril coverage. Lastly, a policy providing guaranteed replacement cost focuses on how property loss is valued rather than the specific perils covered, which is not relevant to the classification of named peril or open peril.