What type of insurance covers all perils except those specifically noted as excluded?

The type of insurance that covers all perils except those specifically noted as excluded is referred to as "All Risk Insurance." This coverage is designed to protect the insured against a wide array of risks, providing broader protection compared to other types of policies that may only cover specific perils.

With an All Risk policy, if a peril is not explicitly excluded in the policy's terms, it is generally considered covered. This means that the insured does not have to worry about the enumerating all potential risks in detail, as most unforeseen damages will be addressed unless they fall under a specific exclusion. This feature makes All Risk policies particularly attractive for both property and casualty coverage, as they offer peace of mind and extensive protection against unexpected events.

In contrast, Named Peril Insurance covers only those perils specifically listed in the policy. Comprehensive Insurance is often used interchangeably with All Risk but can sometimes refer to more specific coverages like auto insurance that may not encompass all risks. Direct Loss Insurance relates more to losses directly attributed to a peril rather than the overarching scope of risks covered, often focusing on property damage rather than the inclusivity of perils. Thus, All Risk Insurance clearly stands out as the coverage that includes all risks unless specifically excluded.