all-risks policy

all-risks policy

An insurance policy that covers all perils except those specifically excluded in writing.Mortgage lenders typically require an all-risks policy on their collateral.

References in periodicals archive ?
Going forward, costs are covered under the property all-risks policy held by the Owners' Association from Arab Orient Insurance.
Insurer Zurich said: "It's unusual for such a specific area of a person's anatomy to be covered on an all-risks policy.
While there are some proponents of an all-risks policy, there are problems with that in the sense that it gets back to the issue of rate suppression.
In addition, the fine arts policy will likely be subject to breakage exclusion for fragile items whereas such an exclusion will not likely appear in an all-risks policy.

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