3. Discuss whether the terrorism peril is insurable. Include a discussion of the definition of terrorism.

3. Discuss whether the terrorism peril is insurable. Include a discussion of the
definition of terrorism.

Expert Solution

The terrorism Peril is insurable to a certain extent but not completely. Act of terrorism may be covered under several personal insurance policies like-

1. Standards home owners policy does not specify word terrorism but the loss due to fire and smoke are covered so that of terrorism recovered.

2.standard rentals policy also cover The lost due to any act of terror so the loss due to terrorism is also covered in this type of policies.

3 .auto Insurance and travel insurance policies also account for any act of terrorism and they also provide benefits for loss due to any act of terror.

4.condominium policies are also covering any act of terror and any loss from such acts.

there is no universally accepted definition for terrorism but according to certain acts, it has been predefined.

Terrorism is premeditated, politically motivated, violence perpetrated against non competent targets by sub National groups.

jeff jeffy answered 1 year ago

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