An all-risk insurance policy is likely to contain exclusions.

Question

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All-risk insurance policies are designed to provide coverage for a wide range of perils, but they typically still have exclusions for certain events or circumstances. These exclusions may vary depending on the specific policy and insurer, but they are generally intended to limit the insurer's liability for certain types of losses or damages. Some common exclusions in all-risk policies may include intentional acts by the policyholder, damage caused by war or terrorism, or losses resulting from normal wear and tear or gradual deterioration.

An All-Risk Insurance Policy Is Likely to Contain Exclusions