MISCELLANEOUS INSURANCES All Risks insurance The All Risks insurance is the widest form of cover available for property. It covers accidental loss, damage or destruction of the property insured by fire or any other cause, which is not specifically excluded. Normally each item insured is specifically identified and a sum insured is indicated. The insurance applies to property such as jewellery, cameras, paintings and etc. Some common exclusions are loss or damage resulting from depreciation, wear and tear, mechanical and electrical breakdown, riot, civil commotion and acts of terrorism.