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War Exclusion Clause |
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War Exclusion Clause 1. A clause in some life insurance policies stating that the insurer does not have to pay the death benefit if the insured dies from a war-related injury. War exclusion clauses are most common in wartime; they generally cannot be added if a war starts after a policy is issued. 2. A clause in some bills of lading and other transport documents exempting the insurer from paying losses if a ship is damaged or destroyed as the result of an act of war. For example, if a torpedo fires on a ship as part of a declaration of war or other hostile act, the war exclusion clause protects the insurer from covering the value. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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