What does an all risk policy cover?
What Is All Risks? "All risks" refers to a type of insurance coverage that automatically covers any risk that the contract does not explicitly omit. For example, if an "all risk" homeowner's policy does not expressly exclude flood coverage, then the house will be covered in the event of flood damage.
What is commercial all risk insurance?
Commercial all-risk insurance is a type of property insurance policy form that will provide for loss or damage arising out of all perils except those which are specifically excluded.
What is a surplus line insurer?
A: As defined in California Insurance Code Section 1760.1 (n), a surplus line insurer is an insurer not licensed or admitted in California. Such a carrier is licensed in another state or jurisdiction, just not in the insured's home state.