All Risk Insurance

(redirected from Against All Risk)

All Risk Insurance

Marine cargo insurance which covers most perils except strikes, riots, civil unrest, capture, war, seizure, civil war, piracy, loss of market, and inherent vice.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

All Risk Insurance

An insurance policy that covers all possible claims not specifically excluded. All risk insurance is found only in property insurance. Homeowners insurance in sometimes all risk insurance. If one's homeowners insurance is an all risk policy and the house burns down, the insurance policy covers it unless the agreement states categorically that it will not cover destruction by fire. All risk insurance is usually quite expensive.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in classic literature ?
I undertook to guarantee him against all risks in the undertaking, from which his wife, a woman of no imagination, sought to frighten him.
Summary: Finance Minister Karim Djoudi asserted Thursday that the new measures introduced in the complementary finance act 2009 aim mainly at shielding households against all risk of running up biog debts and orienting the national economy to production.