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Insurance Definition: KIDNAP/RANSOM INSURANCE

By Compuquotes Team on March 27th, 2008

KIDNAP/RANSOM INSURANCE:

Definition:

  • Coverage up to specific limits for the cost of ransom or extortion payments and related expenses. Often bought by international corporations to cover employees. Most policies have large deductibles and may exclude certain geographic areas. Some policies require that the policyholder not reveal the coverage's existence.

Information provided by Insurance Information Institute

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