Captum Kidnap and Ransom

Plan Detail

Plan Administrator: Seven Corners | AM Best Rating: A "Excellent" | Underwriter: Lloyd's

Exclusions


We will not pay more than our policy limits.

We will not be liable in respect of any losses which are, or but for this insurance would be, covered under any other insurance, save in excess of such other insurance.

We will not accept liability for a series of connected events where the first of which began before the Period of Insurance specified in the Schedule.

We will not be liable in respect of any losses which are not reported to Us during the Period of Insurance or the discovery period.

Furthermore, we will not be liable in respect of any losses caused by, arising from or attributable to any of the following:

(Off premises robbery exclusion) The deliberate surrender of a ransom in any face to face encounter unless the ransom is being conveyed for the sole purpose of paying a previously communicated ransom demand.

(On premises robbery exclusion) The payment of a ransom either at the kidnap location of one or more Covered Person(s) or where the extortion demand is first made, unless a ransom demand has already been received prior to bringing the Ransom to that location.

In respect of kidnap, extortion or hijack, a criminal act or an attempt either directly or indirectly to defraud Us by You, Your directors or officers, whether acting alone or in collusion with others.

In respect of Detention only:

(i) a detention for a period of less than twelve (12) hours;
(ii) any act by you or a covered person which would be a criminal offence if committed by the same party in the State where its headquarters are located or of which you are a national, unless we determine that such allegations were intentionally false, fraudulent and malicious and made solely and directly to achieve a political, propaganda or coercive effect upon You or a Covered Person or at Your expense;
(iii) your failure to properly procure or maintain immigration, work, residence, travel or similar visas, permits or other documentation.
(iv) a covered person(s) taking part in the operations of any governmental or private police, guard, security or armed forces.

Any coverage or any claim which might breach any or all trade or economic sanctions, prohibitions or restrictions of either the United Nations, European Union, United Kingdom, United States of America or other Government with proven legitimate interests.

There shall be no liability hereunder in respect of a series of kidnaps or extortions or threats or detentions or hijacks or disappearances the first of which began before the Period of Insurance.

In respect of disappearance only:

(i) the voluntary disappearance of a covered person of his or her own free will;
(ii) the disappearance of a covered person during or within twenty-four (24) hours of a storm(wind, rain, snow, sleet, hail, lightning, dust, or sand), earthquake, flood, tsunami, volcanic eruption, wildfire, or other similar natural disaster that results in severe and widespread damage and that causes the area in which the covered person was last located to be declared unsafe or a disaster area by the local government and deemed to be uninhabitable or dangerous; or
(iii) the disappearance of a covered person while engaged in transit by air or sea.

EXCLUSIONS FOR EMERGENCY REPATRIATION AND RELOCATION

In respect of Emergency Repatriation and relocation only, We will not be liable in respect of any losses caused by, arising from or attributable to any of the following:

1. Violation by You or a Covered Person of the laws or regulations of the country in which the insured event takes place;

2. The failure by You or a Covered Person properly to procure or maintain immigration, work, residence or similar visas, permits or other documentation;

3. The failure by You or a Covered Person to honour any contractual obligation or bond or to obey any conditions in a license;

4. The Emergency Repatriation or Relocation of Covered Person(s) who are nationals of the country in which the insured event takes place;

5. The Emergency Repatriation or relocation of Covered Person(s) where at inception of this contract of insurance officials of a Resident Country have issued and/or have in force a recommendation, for reasons other than medical, that categories of person which include the Covered Person should leave the country in which that Covered Person is temporarily resident;