What is the purpose of my All-Risk insurance policy?

The whole point of this cover is to put you back in the same financial position you were in before something went wrong, minus your Excess (the bit you pay first). In plain terms: if your item is lost, stolen, or damaged in one of the “Covered Events” listed in your policy, we’ll cover the loss. At the end of the day, it’s about making sure you’re not left out of pocket.