YOU ASK:

What is the definition of War Risk?

WE ANSWER:

War Risk refers to a special type of coverage providing protection for damages due to acts of war. This includes coverage for land-based property, as well as cargo in overseas ships or airplanes.

This is insurance that also pays for damage to the ship or airplane. In addition, the risks covered include cargo being confiscated or damage because of invasion, hijacking or acts of rebellion and insurrection. There are also some policies that pay for damages caused by weapons of mass destructions. The coverage may also exclude coverage of cargo while the cargo is awaiting shipment, whether it is inside a ship, an airplane, a wharf or airport after it has arrived in the port for 15 days.

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