Sentences with all-risk policy
- A named-peril policy covers the policyholder only for the risks named in the policy in contrast to an all-risk policy, which covers all causes of loss except those specifically excluded.An all-risk policy is different from a peril-specific policy that covers losses from only those perils listed in the policy.An all-risk policy is an insurance policy that covers all loss or damage however it is caused, apart from any stated exceptions.