All Risks Insurance is a type of insurance coverage that provides protection against a wide range of risks and perils, except for those specifically excluded in the policy. This type of insurance is typically used to cover valuable items such as jewelry, fine art, and other high-value possessions, as well as commercial property and equipment. It offers broader coverage than named perils insurance and is designed to provide comprehensive protection against unexpected events and losses.
All Risks Insurance is a type of insurance policy that provides coverage for all types of risks, except for those specifically excluded in the policy. This type of insurance is commonly used in the commercial and business sectors to protect against losses or damages that may occur due to unforeseen events such as theft, fire, or natural disasters. All Risks Insurance policies are typically more expensive than other types of insurance policies, but they offer broader coverage and greater protection against unexpected losses. It is important to carefully review the terms and conditions of an All Risks Insurance policy to ensure that it meets the specific needs of the insured party.
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This glossary post was last updated: 29th March 2024.
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