Whats the difference between “all risk” and “named perils” policies?
“All risk” and “named perils” policies cover different causes of loss. A named perils policy covers your losses resulting in the perils listed in your policy, typically including hail, windstorm or other physical losses. An all risk policy offers broader protection covering losses resulting from any peril except those specifically excluded in your policy.
All risk and named perils policies cover different causes of loss. A named perils policy covers your losses resulting in the perils listed in your policy, typically including ire, hail, windstorm or other physical losses. While an all risk policy offers broader protection covering losses resulting from any peril except those specifically excluded in your policy.
