Word forms: (plural) all-risk policies
( Insurance : Commercial insurance )
A named-peril policy covers the policyholder only for the risks named in the policy
in contrast to an all-risk policy, which covers all causes of loss except those specifically excluded.
An all-risk policy is different from a peril-specific policy that covers losses from only those perils
listed in the policy.
An all-risk policy is an insurance policy that covers all loss or damage however it is caused, apart
from any stated exceptions.
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