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 ?
In property insurance the company assures risk management of erection all risks insurance, contractors all risks insurance, machinery insurance, electronic equipment insurance and comprehensive machinery insurance policy for the customers.
MANAMA: Trade Union Insurance (TUI) and Addax Bank have signed a property all risks insurance agreement.