Which of the following statements concerning property insurance is $($are$)$ correct?

Property insurance policies fall into two broad categories with respect to covered perils$-$named perils policies and "all risks" policies.

II$.$ Named perils policies contain a list of the covered perils, which range in number depending on the type of the policies.

A$.$ I only.

B$.$ II only.

C$.$ Both I and II$.$

Neither I nor II$.$