Overseas Terrorism Cover
What it covers
Major exclusions
Also popularly known as LPO 437, this Insurance is given as an extension to the limits of cover provided for Terrorism under the local fund for Property and business interruption classes of Insurance, 100% supported by our reinsurers.
Sum Insured: Should represent the combination of values under Property and Business interruption policies with the local terrorism limits being used as deductibles.
What it covers
Physical loss or damage caused by any organization whose aim is or includes the overthrowing of any legal or defacto government by acts of Terrorism or violence.
Major exclusions
- War and allied risks
- Confiscation or requisitioning or detention or legal or illegal occupation of property insured
- Radiation or contamination with radioactive material and nuclear weapons material
- Loss resulting from total or partial cessation or interruption of work
