Terrorism Risk Insurance
What is Terrorism Insurance Policy ?
This Insurance insures buildings and contents against direct physical loss or direct physical damage by an Act of Terrorism as herein defined (Subject to the exclusions, limits and conditions the policy agreed).
Definition of Terrorism
For the purpose of this Insurance, an act of terrorism means an act, including the use of force or violence, of any person or group(s) of persons, whether acting alone or on behalf of or in connection with any organization(s) or government(s) committed for political, religious or ideological purposes including the intention to influence any government and/or to put the public in fear for such purposes.
TERRITORIAL LIMITS :
This Policy insures property owned by the assured and located in the Kingdom of Saudi Arabia if not otherwise described in the schedule.