What is the coverage for terrorism and Acts of War?
Question: Are “acts of War” covered by normal home and business insurance? Answer: No, such acts are normally excluded due to the catastrophic nature of war risks. “Catastrophic” risks are those that are so severe that a major occurrence could threaten the solvency of insurance companies. Question: Are “terrorism acts” considered “acts of war”? Answer: Usually not. The courts have generally held that “war” can only be conducted between sovereign governments. Acts by a radical political group, without the vestige of sovereignty, can be expected to be covered, but difficulty in identifying the responsible party could complicate coverage issues. Question: If “warlike actions by a military force” are excluded by many policies, does this mean that actions by guerilla groups are excluded? Answer: Not necessarily, but the answer may require a thorough investigation into the background of the particular group. If the group was not acting on behalf of a sovereign authority, coverage would proba
Question: Are “acts of War” covered by normal home and business insurance? Answer: No, such acts are normally excluded due to the catastrophic nature of war risks. “Catastrophic” risks are those that are so severe that a major occurrence could threaten the solvency of insurance companies. Question: Are “terrorism acts” considered “acts of war”? Answer: Usually not. The courts have generally held that “war” can only be conducted between sovereign governments. Acts by a radical political group, without the vestige of sovereignty, can be expected to be covered, but difficulty in identifying the responsible party could complicate coverage issues. Question: If “warlike actions by a military force” are excluded by many policies, does this mean that actions by guerilla groups are excluded? Answer: Not necessarily, but the answer may require a thorough investigation into the background of the particular group. If the group was not acting on behalf of a sovereign authority, coverage would proba
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