Policy
What Is Named Perils vs. All-Risk?
Named perils and all-risk describe how broadly a policy covers causes of loss. A named-perils policy covers only the perils it lists; an all-risk policy covers all causes except those it explicitly excludes — broader protection, usually at a higher premium.
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Reviewed by Roughley Insurance Brokers Ltd. — licensed Ontario insurance brokers since 1945. Last updated May 30, 2026. ← Back to the glossary