Understanding the Difference Between Named Perils and All Risks Policies

Discover the essential distinctions between named perils and all risks insurance policies, including coverage scope and implications for policyholders. This guide is designed for those preparing for the Canadian Accredited Insurance Broker exam.

When it comes to insurance, understanding the differences between various policy types is crucial. You might be wondering, what’s the difference between “named perils” and “all risks” policies? Well, let’s break it down, shall we?

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