All Risk/All Peril
Barron's Business Dictionary:
Top
All Risk/All Peril
Insurance that covers each and every loss except for those specifically excluded. If the insurance company does not specifically exclude a particular loss, it is automatically covered.
This is the broadest type of property policy that can be purchased. For example, if an insurance policy does not specifically exclude losses from wind damage, or from a meteor falling on the insured’s house, the insured is covered for such losses.
This is the broadest type of property policy that can be purchased. For example, if an insurance policy does not specifically exclude losses from wind damage, or from a meteor falling on the insured’s house, the insured is covered for such losses.
| Alimony, Alienation, Alien Corporation | |
| All The Traffic Will Bear or As Much As The Traffic Willbear, All Washed Up, Allegation |
Post a question - any question - to the WikiAnswers community:
Copyrights:
Barron's Business Dictionary
Dictionary of Business Terms. Copyright © 2007 by Barron's Educational Series, Inc. All rights reserved.
Read more