All Risk Insurance

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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.

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.
References in periodicals archive ?
The goal is to make conscious decisions about risk, including all risks facing the business.
A chief risk officer, who often has a finance background, is key to ensuring that all risks are evaluated and properly addressed under a consistent analytical framework.
If one could measure all risks and put them in a common framework, the thinking goes, one could invent all sorts of new risk-transfer instruments.
In making these decisions, the insured should identify and evaluate the impact of high-frequency, low-loss risks; low-frequency, high-loss risks; and all risks in between.