What is the function of the "All Perils" coverage in auto insurance?

The function of "All Perils" coverage in auto insurance is to provide comprehensive protection for loss or damage to the insured vehicle stemming from nearly any cause, with certain specific exclusions noted in the policy. This type of coverage is advantageous because it combines various aspects of protection, allowing the insured to feel secure against a wide range of potential risks, such as accidents, vandalism, and even certain types of theft, as long as those risks are not explicitly excluded.

Specific exclusions may include things like wear and tear, mechanical breakdowns, or damage caused by racing or using the vehicle in an illegal manner. By having "All Perils" coverage, the insured can rest assured that most incidental damages will be covered, providing peace of mind and potentially saving considerable costs in the event of an accident or other damaging event.