| 单词 | all-risk policy |
| 释义 | all-risk policy in Insurance (ɔl rɪsk pɒlɪsi) Word forms: (plural) all-risk policies noun (Insurance: Commercial insurance) policyAn all-risk policy is an insurance policy that covers all loss or damage however it is caused, apart from any stated exceptions. A named-peril policy covers the policyholder only for the risks named in the policyin 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 perilslisted in the policy. An all-risk policy is an insurance policy that covers all loss or damage however it is caused, apartfrom any stated exceptions. |
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