Against All Risks - AAR

Against All Risks - AAR

An insurance policy that provides coverage against all types of loss or damage rather than specific ones. Exclusions can still be included in an against-all-risks policy, but the insured will be covered against any risks that are not specifically excluded.

Also called "all-risk insurance".

This type of policy is the opposite of a named peril policy, which protects against the specific losses that are named in the policy. An against-all-risks policy provides broad coverage beyond anything that is specifically excluded from the policy. For example, if the policy does not specifically exclude losses resulting from falling space debris (such as satellite parts), the insured is automatically covered for such a loss. The term "all risk" often appears in quotation marks since the coverage includes almost all risks, except for the named exclusions.

Investment dictionary. . 2012.

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Look at other dictionaries:

  • against all risks — aˌgainst all ˈrisks abbreviation AAR adverb INSURANCE if something is insured against all risks, it is insured against any kind of loss or damage: • The policy provides protection against all risks. * * * against all risks UK US adverb… …   Financial and business terms

  • AAR — INSURANCE abbreviation for against all risks * * * AAR UK US INSURANCE ► ABBREVIATION for AGAINST ALL RISKS(Cf. ↑against all risks) …   Financial and business terms

  • AAR — All American Rejects (Community » Music) All American Rejects (Governmental » Military) * Association of American Railroads (Governmental » Military) * Association of American Railroads (Governmental » Transportation) * Association of American… …   Abbreviations dictionary

  • aar — • against all risks …   Dictionary of medical acronyms & abbreviations

  • Aar — noun a river in north central Switzerland that runs northeast into the Rhine • Syn: ↑Aare, ↑Aare River • Instance Hypernyms: ↑river • Part Holonyms: ↑Switzerland, ↑Swiss Confederation, ↑Suisse …   Useful english dictionary

  • aar — 1. Com. against all risks. 2. average annual rainfall. Also, AAR. * * * …   Universalium

  • aar — or AAR 1) abbr. against all risks 2) abbr. average annual rainfall …   From formal English to slang

  • AAR — abbreviation against all risks …   New Collegiate Dictionary

  • aar — abbr. against all risks …   Dictionary of English abbreviation

  • AAR — abbr. insurance against all risks …   Dictionary of abbreviations

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