Property All Risks Insurance: It covers the loss of property caused by natural disasters or accidents, as well as sudden and unpredictable accidents. Except for the exemption of liability stipulated in the insurance terms, the insurer is responsible for compensation. Property all risk insurance has developed on the basis of fire insurance. Fire insurance only covers: fire, lightning, and explosion. Other risks, such as natural disasters and accidents beyond human control such as subsidence and floods, are included as additional insurance for fire insurance, forming a comprehensive property insurance. However, all risks related to human theft, negligence, and malicious behavior of others are excluded. Property all risk insurance covers both uncontrollable human and human risks, and is responsible for all liabilities except those specified in the insurance terms.
