This is the widest cover for property insurance as it covers accidental loss, damage or destruction from any cause not specially excluded. It could be effected either on Full All Risks or Restricted Cover. Expensive items like jewelry, articles of gold, silver or other precious metals are better handled on all Risks Insurance basis.
This is a comprehensive policy which provides indemnity to the policyholder against the accidental loss of, or damage to, such items caused by all perils (except for those specifically excluded – e.g., damage caused by wear or tear, gradually operating cause, process of cleaning or ironing, etc).