Question

All risk can be insured true or false

Answer 1

All risk can be insured true ✔✔✔✔✔

Answer 2

Answer:

The statement is false.

Explanation:

All Risks-

• All risks is a broad insurance policy available in the property-casualty market.
• Homeowners and business owners are frequently offered two types of insurance: all risks and named perils.
• Insurance that covers all risks means that the policyholder can seek compensation for any events that aren't explicitly excluded from coverage by the contract.
• Policyholders can usually pay more to have a rider or floater added to the contract that covers a previously excluded event.
• All risks insurance is distinct from named perils insurance, which allows the policyholder to seek compensation only for events specified in the policy.

Hence, from the above discussion we can conclude that all the risks can not be insured.

#SPJ2