Wider cover than given under a normal property insurance policy. Covers any loss or damage apart from exclusions stated in the policy.
A property policy expression now out of fashion. It was used to designate contracts that promised coverage against "all risks of direct physical loss" in contrast to forms that covered for specific, named perils. The word "all" came to be perceived as open to broader interpretation than insurers intended and it was dropped in favor of the promise to cover "risks of physical loss." See Named perils and also Open perils.
An extra layer of contents insurance offered by most insurance companies. All risks cover usually provides for, inter alia, accidental damage and loss of personal belongings whilst off the premises. It covers all risks except those specifically excluded.
Insurance policy that covers you from loss resulting from all causes. Those that were discussed and excluded from the policy are not covered.
The term "all risks" describes insurance for losses due to a wide range of causes. Instead of listing each insured peril, such as fire, lightning, and so on, the policy covers all loss or damage to insured property that is the result of any "risk" that is not specifically excluded. "All risks" is a confusing insurance term and does, in fact, incorporate some listed exclusions which allow coverage to be tailored to individual needs and priced more fairly. Perhaps a better description would be "all common risks!" A "risk" is a chance event that is unexpected and accidental as far as the policyholder is concerned. For example, if a dog's tail sweeps an ornament off a table and onto the floor where it breaks, that is due to a "risk"; the ornament would not otherwise have broken. The gradual wearing out of clothes, however, or the rotting of fruit, are quite natural and expected... and therefore are not insurable "risks."
insurance that covers each and every loss except for those specifically excluded. If the insurance company does not specifically exclude a particular loss, it is automatically covered. This is the broadest type of property policy that can be purchased.
All Risks` usually relates to the inclusion of `Accidental Damage cover ` under a policy - that is, damage caused by reason other than the normal Fire, aircraft explosion, Lightning storm flood or earthquake, theft etc. - such as dropping the item or spilling coffee on it. There will still be specific exclusions however.
policy covering all risks.
A type of policy used to insure a variety of things such as homes and boats. It covers all perils except for the exclusions listed on the policy.
An insurance policy that covers all risks - except those not listed under its exclusions.
This is a slightly misleading name for the types of insurance which provide wide cover but nevertheless contain a number of exclusions depending on the risk. In other words, the term 'All Risks' should not be taken too literally, but policy wordings should be read thoroughly.
This refers to policies which provide wide cover, however, contrary to the term, they are not in fact "all" risks as exclusions will always be specified in an All Risk policy.
Extension of the cover provided by household insurance to damage, theft if outside the home, etc. in respect of individual high value items.
Refers to policies which cover each and every loss except for those specifically excluded. If a peril is not excluded, it is automatically covered.
A policy that insures against all risk of fortuitous physical loss or damage, other than as specifically excluded.
A property insurance to cover all causes of loss unless specifically excluded.
A comprehensive policy which covers all risks (disregarding specified exceptions)
All fortuitous causes of loss. It does not embrace inevitable loss such as wear and tear.
Term used to describe a policy covering fortuities generally though not inevitabilities such as wear and tear or depreciation. Sometimes loosely used to describe a policy that covers a number of specified risks, though not all.
An insurance term which means that the policy covers the insured property for loss caused by any fortuity. The policy does not cover inevitable loss.
Extra contents insurance including cover for accidental damage and loss personal belongings whilst off the insured premises.
An insurance policy that covers against almost every eventuality - except those excluded in the fine print, of course.
This is an insurance term and the “All Risks” insurance will normally cover against all risks of whatever nature provided that they are risks and not certainties.
It was used to designate contracts that promised coverage against "all risks of direct physical loss" in contrast to forms that covered for specific, named perils. The word "all" came to be perceived as open to broader interpretation than insurers intended and it was dropped in favor of the promise to cover "risks of physical loss." Also known as open peril coverage as opposed to named coverage.
