War Exclusion Clause

War Exclusion Clause
A clause in an insurance policy that specifically excludes coverage for acts of war such as invasion, insurrection, revolution, military coup and terrorism. A war exclusion clause in an insurance contract refers to protection for an insurer who will not be obligated to pay for losses caused by war-related events. Insurance companies commonly exclude coverage perils that they cannot afford to pay claims on.

Because most insurance companies would be unable to remain solvent, let alone profitable, if an act of war suddenly presented them with thousands or millions of expensive claims, auto, homeowners, renters, commercial property and life insurance policies often have war exclusion clauses. However, entities that are faced with a significant risk of war, such as companies located in politically unstable countries, may be able to purchase a separate war risk insurance policy.


Investment dictionary. . 2012.

Игры ⚽ Нужна курсовая?

Look at other dictionaries:

  • Water Exclusion Clause — A restriction in a homeowner’s or renter’s insurance policy that denies coverage for certain water related claims. Types of water damage that are likely to fall under a water exclusion clause include damage caused by flood, tsunami,… …   Investment dictionary

  • war, law of — Introduction       that part of international law dealing with the inception, conduct, and termination of warfare. Its aim is to limit the suffering caused to combatants and, more particularly, to those who may be described as the victims of war… …   Universalium

  • World War I — This article is about the major war of 1914–1918. For other uses, see World War One (disambiguation) and Great War (disambiguation). World War I …   Wikipedia

  • Equal Protection Clause — The Equal Protection Clause, part of the Fourteenth Amendment to the United States Constitution, provides that no state shall… deny to any person within its jurisdiction the equal protection of the laws. [… …   Wikipedia

  • Citizenship Clause — United States of America This article is part of the series: United States Constitution Original text of the Constitution Preamble Articles of the Constitution I · …   Wikipedia

  • Rationale for the Iraq War — The rationale for the Iraq War (i.e., the 2003 invasion of Iraq and subsequent hostilities) has been a contentious issue since the Bush administration began actively pressing for military intervention in Iraq in late 2001. The primary… …   Wikipedia

  • Timeline of the 2008 South Ossetia war — The 2008 South Ossetia war started on August 7, 2008 and involves Georgia, Russian Federation, South Ossetia and Abkhazia.Military conflict TimelineThe tensions have been escalating through the year of 2008, but the countdown to the open… …   Wikipedia

  • USAA — Infobox Company company name = United Services Automobile Association company type = Reciprocal company foundation = 1922 location = San Antonio, Texas, USA key people = John H. Moellering, Chairman Josue Robles, Jr, President and Chief Executive …   Wikipedia

  • Germany — /jerr meuh nee/, n. a republic in central Europe: after World War II divided into four zones, British, French, U.S., and Soviet, and in 1949 into East Germany and West Germany; East and West Germany were reunited in 1990. 84,068,216; 137,852 sq.… …   Universalium

  • Students for a Democratic Society — This article is about the 1960s organization. For the more recent organization, see Students for a Democratic Society (2006 organization). Students for a Democratic Society (SDS) was a student activist movement in the United States that was one… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”