all-risk
Every peril included
All-risk describes insurance coverage that protects against any peril not specifically excluded, rather than only covering named perils.
An all-risk policy on a home covers fire, theft, water damage, and countless other hazards unless the policy explicitly excludes them: We carry all-risk coverage on the building.
Despite the name, no policy covers literally everything—exclusions for floods, earthquakes, or war are common.
Adopted principle of action
- coverageExtent of inclusion
- premiumAdded cost for better
- comprehensiveIncluding all elements
- deductibleOut-of-pocket threshold amount
underwriting · indemnity · peril · exclusion · claim · liability · protection · blanket
Including all elements
- blanketSoft bed covering
- umbrellaHandheld rain shelter
- extendedLengthened in time or space
- unscheduledNot on the calendar
worldwide · equipment · floater · jewelry · fine-art · valuables · electronics · inventory
State of being unprotected
- hedgingNoncommittal maneuvering
- mitigationReduction of severity
- assessmentFormal evaluation of worth
- toleranceWillingness to accept difference
portfolio · diversification · volatility · uncertainty · downside · speculative · actuarial · quantification
policy
Adopted principle of action
- coverageExtent of inclusion
- premiumAdded cost for better
- comprehensiveIncluding all elements
deductible · underwriting · indemnity · peril · exclusion · claim · liability · protection · blanket · floater
comprehensive
Including all elements
unscheduled · worldwide · equipment · floater · jewelry · fine-art · valuables · electronics · inventory · stock
exposure
State of being unprotected
- hedgingNoncommittal maneuvering
- mitigationReduction of severity
- assessmentFormal evaluation of worth
tolerance · portfolio · diversification · volatility · uncertainty · downside · speculative · actuarial · quantification · management