All Risk Insurance

(redirected from Multiperil Insurance)

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 ?
First-quarter net income for Universal Insurance, the third-largest writer of homeowner's multiperil insurance in the Sunshine State, was $9.
s rates to make it the most competitive homeowners insurer in Florida; opens door to allow Citizens to pick up commercial coverages currently written by the Property Casualty Joint Underwriting Association (subject to state approval); allows Citizens to write multiperil insurance in high-risk areas.
Today, American States is involved in most types of property/casualty coverage, including auto liability and damage, commercial multiperil insurance, worker compensation and homeowner policies.
He specializes in Kaye's comprehensive multiperil insurance program especially designed for residential real estate properties.
California's ninth-largest writer of homeowners multiperil insurance, said it estimates pretax catastrophe losses from the wildfires to total about $35 million.
4 writer of homeowners multiperil insurance in Maine, which, according to the Alternatives to Marriage Project, has a higher percentage of unmarried couples living together than any other state.