As the name sounds, this covers property against all types of loss or damage from any misfortune not otherwise expressly excluded. This is unlike Fire and Special Perils cover which is on named peril basis (or specified peril basis).
The difference between this cover and Houseowners / Householders is that cover in respect of the latter is confined to the location of the private dwelling house i.e. losses away from the private dwelling house are not covered, whereas “All Risks” cover is worldwide.
Items covered under this policy are the following:-
- Personal effects of employees whilst on insured’s business and away from the premises
- Cell phones
- Laptops, cameras
- All other portable items of value which can be damaged or lost
- Jewellery , Radios, TV’s, watches, decoders, contact lenses, etc.