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Kidnapping or Ransom Insurance – When is it needed?

What is Kidnapping Insurance?Kidnapping Insurance

Kidnapping insurance is a key component for high income individuals, executives, Missionary groups, Educational institutions or any other entity that will require overseas travel or who may be high profile target for Kidnapping.

Kidnapping insurance reimburses the policy owner for costs involved in a Kidnapping, Extortion, Detention and Highjacking. Individual, group and corporate insurance plans are available

Who can purchase a plan?

Kidnapping insurance is purchased by a person or corporation to protect themselves or business against the costs of kidnapping or extortion.The policy owner will need to pay for all costs up front and then file a claim for reimbursement.

A policy owner may apply for benefits up to their personal or corporate net worth.

What do these plans cover?

Kidnap – Taking of an insured person and making a demand for ransom
Extortion – Threatening the insured with injury , death or abduction
Detention – Holding of the insured under duress
Hijack – Holding of the insured , under duress, for a period of 6+ consecutive hours while traveling on a aircraft, motor vehicle or water bond vessel.

Some of highlighted plan benefits are: 

Ransom Reimbursement – Reimbursement of ransom paid for a covered event
Loss of Ransom during delivery – Reimbursement for loss of funds by confiscation, destruction,disappearance, seizure or theft.
Travel Expenses – Costs of travel incurred during kidnap period
Reward Payments – Payments made to an informant for information which contributes to the resolution
Loss of Income – 100% of a kidnapped gross salary.
Asset Protection – Benefit to cover loans that were specifically completed to meet Ransom demand.

 Other Assistance provided with this plan

Crisis Response Team – Worldwide knowledge about how negotiations should be handled in each specific situation. This team will provide advice on the following:

Should the police be contacted
How to make the Kidnapper provide Proof of Life
How to speak to the Kidnappers
How to deliver the ransom

Kidnapping insurance is a key component for high income individuals, executives, Missionary groups, Educational institutions or any other entity that will require overseas travel or who may be high profile target for Kidnapping.

Contact me today for a confidential discussion about your needs. My Toll Free number is 888-787-2603

About High Income Protection Insurance
About High Income Protection Insurance

We work with individuals across the nation to secure the best disability insurance rates.

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