Final answer:
An 'All-Risk' homeowners policy covers most perils, but there are exceptions such as flooding, earthquakes, nuclear accidents, war, and intentional damage.
Step-by-step explanation:
In an 'All-Risk' homeowners policy, most perils are covered. However, there are certain situations that may not be covered. These can include:
- Flooding
- Earthquakes
- Nuclear accidents
- War or acts of war
- Intentional damage
It's important to carefully review the policy to understand the specific exclusions that apply.