Under an all-risk insurance
policy, a policyholder has a very limited set of items upon which it carries the burden of proof.
Hebra said the contractor was covered by an all-risk insurance
policy, but would most likely seek an extension to complete the project.
The all-risk insurance
policy is usually more expensive than the named peril policy because it is more comprehensive.
"As we learned in the aftermath of Hurricane Katrina, most courts have upheld the flood exclusion in all-risk insurance
TRG Marine[TM] constructs specialty all-risk insurance
policies designed specifically for companies operating in a global environment.
The "lease-to-own" program includes an all-risk insurance
and warranty that also offers a free service package including filter and oil change over the three-year period.
Their alternative is to put the onus back on clients, or offer some form of legal liability inferior to an all-risk insurance
The carrier's all-risk insurance
policy should also be examined.