Acts of Terrorism and Insurance
12 February 2015

Most Insurance policies in New Zealand exclude damage and loss as a result of Acts of Terrorism

Recent overseas acts of terrorism are at the forefront of everyone’s mind, which has highlighted the need to confirm that you insurance policies purchased in New Zealand contain a Terrorism Exclusion.

The exclusion means that the policy will not provide cover for any loss, damage, loss of profits, or liability or any other losses that might arise due to or as a result of an act of terrorism (whether declared by the government or not), here or in Australia.

The insurance definition of terrorism is broad. 

Terrorism is defined as “acts of violence perpetrated by an extremist religious group and/or an individual acting in accordance with their own religious beliefs including any act, or use of force or violence or threat of violence, from any person or group of persons, whether acting alone or in connection with any organisation which from its nature or context is done for political, religious, ideological, ethnic or similar reasons, including the intention to influence any government or to put the public in fear”.

We can purchase Terrorism cover on your behalf, subject to underwriting criteria and an additional premium. 

Please contact your broker if you have any concerns or to arrange a quotation for Terrorism cover.

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