An "All Risk" policy insures against any and all losses that can happen to your home, except those that are specifically excluded. Such as, but not limited to flood and earthquake. Excluded Coverages, in most cases, may be added by endorsement.
insurance) Extensive insurance coverage of cargo, including coverage due to internal causes such as fire, collision, pilferage etc., but usually excluding "special" risks such as those resulting from acts of war, labor strikes and the perishing of goods, and from internal damage due to faulty packaging, decay or loss of market.
A term commonly used by insurance people to describe broad forms of coverage; it is misleading because no property or liability insurance policy is truly an all-risk coverage. There is a concerted effort to eliminate use of this term and to replace it with the term open peril. See Accidental Direct Physical Loss.
The broadest form of coverage available, providing protection against all risks of physical loss or damage from any external cause. Does not cover loss or damage due to delay, inherent vice, preshipment condition, inadequate packaging, or loss of market.
Any incident or event, natural or human-caused, that warrants action to protect life, property, environment, public health or safety and minimize disruption of government, social, or economic activities. see also: Event; Incident