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War Risk Insurance
(redirected from War Risk Insurance Program)

    Also found in: Wikipedia 0.03 sec.
War Risk Insurance
Separate insurance coverage against loss or damage due to acts of war (including objects left over from previous wars).
War Risk Insurance
An insurance policy covering risk from war, terrorism, coups or other armed conflict in the country in which the covered party does business. War risk insurance takes two forms: war risk liability, covering employees, customers, and other persons and their effects, and war risk utility, covering property. For example, a company may take out war risk insurance protecting a luxury passenger ship from an act of terrorism while at sea. The war risk liability covers the persons on a cruise and their luggage while war liability utility protects the ship itself. See also: Political risk.
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Additionally, when life insurance for veterans had its beginning in the War Risk Insurance program, first made available to members of the Armed forces in 1917, coverage was limited to $10,000.
Presidential candidates present views on DAV priority issues by DAV Magazine
38) Since the inception of CRAF, participating carriers had been covered by the Aviation War Risk Insurance Program, administered by the Federal Aviation Administration (FAA).
The Civil Reserve Air Fleet: balancing risks and incentives by Lewis, Ira / Transportation Journal
 
 
 
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