allrisks
Allrisks is a term used in insurance to describe coverage that protects against a wide range of potential perils or causes of loss. Unlike named perils insurance, which specifically lists the events that are covered, allrisks policies are designed to cover all causes of loss unless they are explicitly excluded. This typically offers a broader scope of protection for the insured.
The exact wording of an allrisks policy is crucial, as it will detail what events are *not*
The advantage of an allrisks policy is the assumption that coverage exists unless an exclusion applies. This