All Risk Insurance – What is it and How Can it Help You?

All Risk Insurance provides comprehensive coverage for your property, protecting against a wide range of risks unless explicitly excluded in the policy. Unlike Named Perils Insurance, which only covers specific risks listed in the policy, All Risk Insurance offers broader protection, making it a preferred choice for many businesses and property owners.

What Does All Risk Insurance Cover?

All Risk Insurance is designed to cover all potential risks except those that are specifically excluded. This means that unless a peril is mentioned as an exclusion, the insurance will provide coverage. Some of the common risks covered include:

• Fire and smoke damage

• Theft and vandalism

• Water damage (excluding floods)

• Accidental damages

• Storms and natural disasters (depending on the policy)

The flexibility of All Risk Insurance makes it an excellent choice for individuals and businesses looking for comprehensive financial protection.

What Are the Common Exclusions?

Although All Risk Insurance covers most risks, some exclusions typically apply, such as:

• War and terrorism – Most policies exclude damages caused by war or acts of terrorism.

• Nuclear hazards – Damage caused by nuclear reactions or radiation is generally not covered.

• Gradual wear and tear – Routine maintenance and normal depreciation are not included.

• Flood and earthquake damage – These risks often require separate policies or endorsements.

It’s essential to review your policy carefully to understand what is and isn’t covered.

Why Choose All Risk Insurance?

Many individuals and businesses opt for All Risk Insurance because it provides broader coverage compared to Named Perils policies. Here are the key advantages:

✅ Comprehensive Protection

You don’t have to list every possible risk. If it’s not excluded, it’s covered.

✅ Fewer Gaps in Coverage

Unlike Named Perils Insurance, which only covers listed risks, All Risk Insurance fills in potential gaps, ensuring greater financial security.

✅ Simplifies the Claims Process

Since most risks are covered unless specifically excluded, there is less uncertainty when filing a claim.

How Toby Hansen Agency Can Help

At Toby Hansen Agency, we understand that choosing the right insurance can be overwhelming. That’s why we work with nearly 100 carriers to find you the best coverage at the lowest price. Here’s what we do for you:

🔍 Assess your coverage needs – We analyze your risks and recommend the best policy. 📊 Compare multiple carriers – Ensuring you get the most competitive rates. 📜 Customize your policy – Tailoring coverage to meet your specific needs.

Don’t leave your financial security to chance. Contact Toby Hansen Agency today and get a free quote!

FAQ: All Risk Insurance

1. Is All Risk Insurance more expensive than Named Perils Insurance?
Yes, it generally costs more because it provides broader coverage. However, the investment is worth it as it protects against unexpected financial losses.

2. Does All Risk Insurance cover flood and earthquake damage?
Most policies do not include floods and earthquakes as standard coverage. You may need additional policies for these risks.

3. Who should consider All Risk Insurance?
Homeowners, businesses, and property investors who want comprehensive protection should consider this type of coverage.

4. Can I customize my All Risk Insurance policy?
Yes! Policies can be tailored with endorsements to cover specific risks not included in standard coverage.

5. How do I get the best deal on All Risk Insurance?
By working with Toby Hansen Agency, we compare multiple providers to find the best coverage at the lowest cost for you.

Protect your assets today with All Risk Insurance! Get a free quote from Toby Hansen Agency now!