All Risks is a type of insurance coverage where property is protected against various sudden damages, except for cases directly excluded by the contract.
All Risks is a type of insurance coverage where property is protected against various sudden and unexpected damages, except for cases directly excluded by the contract. This approach is often used in property insurance, cargo insurance, construction works, equipment insurance, warehouse insurance and business insurance.
In simple words:
So “All Risks” does not mean that the insurer will pay for absolutely everything. It means the coverage is broader than usual, but it still has rules, limits and exclusions.
All Risks coverage can be compared to an umbrella. It protects from rain, snow and sun better than a simple cap, but it does not protect from everything in the world. If the umbrella breaks because it is old or someone cuts it on purpose, that is a different story.
Insurance works in a similar way. If property is suddenly damaged by an event that is not excluded by the contract, the insurer may review the claim. But if the cause is listed in the exclusions, there may be no coverage.
The main idea is simple: All Risks is broad protection, but it is not unlimited or absolute.
This term matters because many people hear “All Risks” and think the policy covers any situation. In practice, the contract must be checked: what is included, what is excluded, what limits apply and which documents are needed.
For example, a warehouse is insured on an All Risks basis. If strong wind damages the roof and water spoils goods inside, the event may be reviewed under the policy. But if the goods spoil because they were stored incorrectly, this may be an exclusion.
That is why when buying such a policy, it is not enough to rely on the strong name. It is important to understand which real situations are covered and where the protection ends.
There are often two approaches in insurance.
Named risks means that the contract directly lists the events that are covered. For example: fire, explosion, lightning strike, water damage, theft, natural disaster. If the event is not listed, it may not be covered.
All Risks is a broader approach. The contract usually covers sudden physical damage or loss of property, unless the cause is listed in the exclusions.
In simple terms, with named risks the client asks: “Is this event on the coverage list?” With All Risks, the question is different: “Is this event not excluded?”
All Risks coverage is more common where property is expensive, complex or exposed to different threats.
For example:
For an individual, this may be a house, apartment, renovation or valuable property. For a business, it may be a warehouse, goods, equipment, production line or construction site.
The exact list depends on the contract. But under All Risks, different sudden and unexpected damage to property is usually reviewed.
For example, the policy may review:
Important: the word “may” matters here. Every policy has different terms, so the exact contract must be checked.
Even All Risks coverage has exclusions. This is normal: insurance cannot cover absolutely every cause of loss.
Usually, the policy may not cover:
The simple logic is this: All Risks covers sudden insured events, but not normal aging, poor maintenance or situations that the contract excludes in advance.
The name “All Risks” sounds very strong. But in a real contract, the exclusions section is more important than the name. This is where it says which situations the insurer is not responsible for.
For example, equipment is insured under All Risks. It breaks down because of a short circuit after a voltage surge. If electrical risks are not excluded, the loss may be reviewed. But if the breakdown happened because of a manufacturing defect or lack of maintenance, the insurer may refuse payment.
So the rule is simple: with an All Risks policy, it is necessary to read not only “what is covered”, but also “what is not covered”.
Even if an event is covered, the payout may depend on limits and a deductible.
Limit is the maximum amount the insurer can pay for a specific risk or under the whole contract. For example, the general property limit may be 1 billion soums, but a smaller limit may apply to a specific type of damage.
Deductible is the part of the loss the client pays themselves. For example, the loss is 50 million soums and the deductible is 5 million soums. The insurer may review payment within 45 million soums if the other terms are met.
So a broad policy does not always mean full payment of every loss. It is important to check the insured amount, limits, deductible and calculation procedure.
If property is insured under All Risks and damage happens, it is important to report it to the insurer quickly and keep evidence.
Usually, the steps are:
The main task is to show that the damage was sudden, connected with the insured property and not listed in the exclusions.
Documents help confirm what happened and how much it will cost to restore the property.
Usually, the following may be needed:
The clearer the documents are, the easier it is for the insurer to verify the event and make a decision.
All Risks — a broad type of coverage where different sudden damages to property are protected, except for exclusions.
It does not mean coverage of absolutely every situation.
Exclusions — situations for which the insurer is not responsible.
For example, wear and tear, improper storage or intentional damage.
Named risks — a format where only directly listed events are covered.
If the event is not on the list, it may not be covered.
Coverage limit — the maximum payout amount under the contract or a separate risk.
Even covered damage is paid within the limit.
Deductible — the part of the loss the client pays themselves.
It reduces the payout amount for an insured event.
Insured event — an event that meets the contract terms and may give the right to a payout.
With All Risks, it is important that the event is not excluded.
The term All Risks is important for anyone who insures property or a business.
It is especially useful if you:
The main idea is simple: All Risks coverage is usually broader than standard coverage, but its real strength depends on exclusions, limits, deductible and documents.
Imagine a company from Tashkent insures a warehouse and goods under All Risks for 1.2 billion soums. A few months later, strong wind damages part of the roof, water gets inside, and goods worth 180 million soums are spoiled.
The company immediately reports the event to the insurer, takes photos of the damage, calls specialists to temporarily close the roof and keeps the damaged goods until inspection.
What happens next:
The result is clear: All Risks may help in an unexpected situation, even if the specific event was not listed separately. But a payout is possible only when the damage is supported by documents, is not excluded and fits the policy terms.
Aziz from Tashkent insured a warehouse under All Risks. After strong wind, part of the roof was damaged and goods inside suffered water damage worth 180 million soums.
The insurer checked the cause of damage, documents and policy exclusions. If the event was not excluded, the damage could be reviewed under the policy, taking into account the limit and deductible.
Madina from Samarkand insured goods in a warehouse under broad coverage. Later, part of the products spoiled because employees violated the required storage temperature.
Despite the All Risks format, the insurer could refuse payment if improper storage was an exclusion. Madina understood that “All Risks” does not cover violations of operating and storage rules.
Bekzod from Andijan shipped equipment worth 75,000 US dollars and arranged cargo insurance under All Risks. During transportation, part of the packaging was damaged and several units of equipment received mechanical damage.
If the damage happened suddenly and did not fall under exclusions, the insurer could review the loss. Bekzod needed to keep transport documents, photos of damage and the inspection report.
This is a road incident in which harm was caused to people, vehicles, roads, structures, or other property.
This is a simplified procedure for recording a traffic accident without calling traffic police, when the drivers themselves document the circumstances for insurance settlement.
KASKO is insurance that protects not someone else’s car, but your own. Put very simply, it is like a financial safety cushion for your vehicle: if there is an accident, a broken window, parking damage, a fallen tree, or even theft, the insurance company can take on part of the big expenses. The main idea is simple: KASKO helps you avoid facing major car-related costs alone.
Motor third-party liability is your responsibility to other people if, because of your actions on the road, their car, property, health, or life is harmed. Put simply, it is a rule for situations where a driving mistake leads to someone else’s loss. The main idea is simple: this responsibility exists so that the injured party is not left without compensation, and the driver at fault does not have to handle everything alone out of pocket.
Insurance for a car loan is protection connected not just with the car itself, but with buying that car on credit. Put very simply, the bank gives money for the vehicle and wants to be sure that both the car and the repayment process remain protected. That is why insurance often comes together with a car loan: it helps reduce risks both for the bank and for the borrower if something serious happens to the car.
This is a modular car insurance product in which the vehicle owner chooses which parts of the car and which risks to insure.
Our experts will help you choose the best insurance coverage
English