Question: 1. Explain the differences between a Named Perils policy and an All-Risk policy. 2. Provide a detailed explanation of the water damage coverage under a

1. Explain the differences between a Named Perils policy and an All-Risk policy. 2. Provide a detailed explanation of the water damage coverage under a typical named perils policy e.g. what types of water losses are covered, and what types are excluded.

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