Insurance Coverage during War

Kindly be advised that standard insurance policies such as Property All Risk, Business Interruption, Contractor’s All Risk, Contractor’s Plant & Machinery, All Liability insurances, Money insurance, Fidelity Guarantee insurance etc.  EXCLUDE coverage for incidents arising from terrorism, acts of war, warlike activities etc. These exclusions are absolute in nature and cannot be included through any policy extension or endorsement. This is an international practice and followed worldwide. The rationale for such exclusions is the unpredictable nature of these perils, their potential to cause catastrophic losses and the difficulty in assessing and pricing of the risk with actuarial precision.

As your insurance advisors, we can however advise that a special coverage is available under a separate policy called Political Violence Insurance policy at additional premium. The Political Violence policy provides protection against physical loss or damage to buildings and contents resulting from events such as War and/or Civil War, Act of Terrorism, Sabotage, Riots, Strikes and/or Civil Commotion, Malicious Damage, Insurrection, Revolution, Rebellion and Mutiny and/or Coup d’état. 

Kindly note that Political Violence insurance policies are always offered with sub limits and not on full sum insured basis. While the current conditions have resulted in higher premiums and relatively limited capacity, we can arrange for a quotation for your review and consideration so that you can take an informed decision on the matter.

Please get in touch with your usual contact at Gargash Insurance Services to obtain more details on the Political Violence insurance if you are interested.