Political Violence & Terrorism Cover (PVT) Insurance
This coverage provides financial protection to investors, financial institutions and businesses that face physical loss or physical damage to the property because of political events. Political risk insurance protects against the following perils:
This Policy indemnifies the Insured against;
a. Property: - Physical loss or physical damage to the property which belongs to the Insured or for which the Insured is legally responsible, directly caused by one or more of the following perils: -
Acts of Terrorism, Sabotage, Riots, Strikes and/or Civil Commotion, Malicious Damage, Insurrection, Revolution or Rebellion, Mutiny and/or Coup d’état.
b. Other Expenses: - Expenses incurred by the Insured in the removal of debris directly caused by any one or more of the Covered Causes of Loss.