Terrorism: Acts of Terrorism: When Will Insurance Respond?
Thursday, January 31st, 2008Insurance policies provide financial protection in a broad range of circumstances but each type of product specifies certain situations where the policy will not respond. These vary from one type of product to another, and can vary in detail between one insurer and another. It is important to check the details of your individual policy. However the questions and answers below seek to set out the usual approach for each of the main types of insurance.
If you have specific queries on your policy you should approach your insurer or broker.
Property cover
Will my home be covered if it is damaged or destroyed in a terrorist attack?
Yes. Household, buildings and contents policies include damage by fire, explosion or impact whether caused accidentally, through the malicious act of an individual criminal or in an act of terrorism. This cover will normally include the cost of alternative accommodation whilst your home is being repaired, typically up to a total of 20% of the sum insured. (more...)
