All Risk Policies in India
In 2026, All Risk Policies in India provide the broadest form of property and asset insurance. Unlike traditional “named peril” policies that list exactly what is covered, an All Risk policy automatically covers every unforeseen loss or damage except for specific exclusions named in the contract.
Major Types of All Risk Policies
Different all risk insurance policies are designed to protect specific assets and situations.
All Risk Insurance (Jewelry & Valuables)
Protects high-value personal belongings such as jewellery, watches, fine art and antiques against accidental loss, theft, burglary and accidental damage.
Portable Equipment All Risk
Covers laptops, mobile phones, cameras, medical devices and other portable equipment against accidental damage or theft during transit or outside business premises.
Industrial All Risks (IAR)
A comprehensive insurance package for large industries combining Fire, Burglary, Machinery Breakdown and Business Interruption under one policy.
Contractor's All Risk (CAR)
Designed for construction projects, covering project damage, construction equipment and third-party liabilities from start to project completion.
Key Inclusions (Standard)
Understand what is typically covered under a standard All Risk Insurance policy.
Accidental Damage
Covers unexpected physical damage caused by accidental drops, impacts, breakage, spills, or other unintentional human errors.
Natural Disasters
Provides protection against losses resulting from fire, flood, earthquake, storm, lightning, and other covered natural calamities.
Theft & Burglary
Covers financial loss arising from theft, burglary, robbery, forcible entry, and chain-snatching for eligible jewellery policies.
Geographical Scope
Standard coverage generally applies across India and can be extended to worldwide protection by paying an additional premium.
Standard Exclusions
Even comprehensive All Risk Insurance policies have certain exclusions that are not covered.
Wear & Tear
Gradual deterioration, aging, rust, corrosion, depreciation, or damage caused by normal usage and atmospheric conditions is not covered.
Willful Negligence
Losses resulting from intentional damage, deliberate acts, fraud, or gross negligence by the insured are excluded.
Inventory Shortage
Missing stock discovered during routine inventory checks without any evidence of theft, burglary, or accidental loss is not covered.
War & Nuclear Perils
Damage caused by war, invasion, civil unrest, terrorism (unless specifically covered), or radioactive contamination is excluded.
Faulty Design or Workmanship
Any damage arising from inherent defects, poor design, manufacturing faults, defective materials, or substandard workmanship is not covered under a standard All Risk policy.
Claim Settlement Features (2026)
Modern All Risk Insurance policies offer smarter claim settlement features for greater financial protection.
Agreed Value or Market Value
Jewellery and valuables are generally insured on an Agreed Value (based on a certified valuation) or Market Value, ensuring transparent claim settlement.
Zero Deductible Option
Premium policies may offer a Zero Deductible Add-on, allowing the insurer to pay the full approved claim amount without any mandatory deduction.
Continuous Reinstatement
After a partial claim, many insurers automatically restore the remaining sum insured so your assets continue to stay protected throughout the policy period.