"All risks" is a term you'll commonly see on homeowner's insurance policies. It means that you're covered for any kind of loss to your property except causes that are specifically listed as excluded. If your policy isn't the "all risks" kind, you probably have the "named perils" kind. Named perils policies only cover your property losses when they're caused by perils listed on the policy, such as fire, flood, hail, etc. If a peril isn't listed, it's not included.

Be on top of your financial situation -- know what you are and aren't protected against, and make sure you have the coverage you want and need. If you take a little time to learn more (our Insurance Center can help), you may be very happy you did.

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