Causes of loss forms are Insurance Services Office, Inc. (ISO), commercial property insurance forms...
all risks coverage (AR)
All risks coverage is property insurance covering loss arising from any fortuitous cause except those that are specifically excluded.
Additional Information
This is in contrast to named perils coverage, which applies only to loss arising out of causes that are listed as covered. Although many industry practitioners continue to use the term "all risks" to describe this approach to defining covered causes of loss in a property insurance policy, it is no longer used in insurance policies because of concern that the word "all" suggests coverage that is broader than it actually is. Because of this concern, some industry practitioners use the term "open perils" or "special perils" instead of "all risks."
Synonyms
open perils
Related Terms
A commercial property policy is an insurance policy for businesses and other organizations that...
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Earthquake coverage is typically excluded (along with other earth movement) from most property...
Flood coverage is insurance for damage to property caused by a flood.
Named perils coverage is a property insurance term referring to policies that provide coverage only...
Open perils refers to property insurance that insures against loss to covered property from all...
Property insurance is first-party insurance that indemnifies the owner or user of property for its...
Special perils is property insurance that insures against loss to covered property from all...
