Special Form Exclusions
Insurance protects against risks, not certainties. The term “risk” does not cover inherent vice or mere wear and tear. The fortuity requirement is a necessary element of the concept of risk.
Some courts have equated a fortuitous loss, within the meaning of an all-risk insurance policy, with a loss arising from external or extrinsic forces, so that losses resulting from an inherent quality or defect in the item insured are not within the scope of coverage. If the loss does not result from inherent defect, ordinary wear and tear, or intentional misconduct, its cause was necessarily external.
Inherent vice relates to internal decomposition or some quality which brings about the object’s own injury or destruction, not an extraneous cause.
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