All risk insurance

What does All risk insurance mean in American Law?

The definition of All risk insurance in the law of the United States, as defined by the lexicographer Arthur Leff in his legal dictionary is:

A kind of insurance policy which protects against so many perils that it is more efficient to write it in “all risks except X, Y, & Z” form rather than by listing the risks insured against. An insurance policy covering a home, e.g., might protect against all risks except earthquake and atomic attack. And the typical life insurance policy is really an all-risk policy, covering as it usually does almost any source of death except a very few, e.g., while piloting a private plane.

Meaning of All-risk Insurance

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