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all risks insuranceDefinition Insurance coverage for direct physical loss to all listed property and its contents unless specifically excluded or limited by the policy. All unnamed risks are automatically covered except [..]
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all risks insuranceCoverage under an insurance policy where all losses are insured, unless they are specifically excluded. (N.B. A number of insurers and legal counsel have advised against the use of the term “all-risk” due to its ambiguity).
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