Skip to main content
Insurance Glossary

All-Risk Coverage

General

Definition

Insurance coverage that protects against all causes of loss except those specifically excluded in the policy, providing broader protection than named perils coverage. Also called 'open perils' coverage.

Was this definition helpful?

Related Terms

Named Perils
A type of insurance coverage that only protects against losses specifically listed in the policy, as opposed to all-risk coverage which covers all perils except those excluded.
Accident
An unexpected event or circumstance without deliberate intent that results in injury, damage, or loss.
Collision Coverage
Insurance coverage that pays for damage to your vehicle resulting from a collision with another vehicle or object.
Comprehensive Coverage
Insurance coverage for damage to your vehicle from causes other than collision, such as theft, vandalism, fire, weather events, or hitting an animal.
Coverage
The scope of protection provided under an insurance policy, including the types of losses and risks that are covered.
Explore More