Terrorism Insurance

Following changes which came into effect on 1 January 2003, terrorism became a total exclusion from most standard commercial property policies.

However, it is possible to 'buy back' terrorism cover on an 'all risks' basis (previously terrorism insurance, whether added to a standard policy or bought as a stand-alone policy, was just on a fire and explosion basis). However, due to slight differences in definitions between the wording of the terrorism exclusion on the standard policy and that on the 'buy back' policy, it is possible for there to be a 'gap' in the cover. As a result, some insurers now offer terrorism 'gap' or 'wrap' policies to cover this gap.


Jewell Pearce Davy & Co is authorised and regulated by the Financial Conduct Authority, registration No 118803
© Copyright Jewell Pearce Davy and Co., Leigh-on-Sea, Essex Web Design in Essex Web Design - Assent Media.