Kidnap, Ransom & Extortion Family Coverage Checklist

Comparison between Schinnerer’s stand-alone Family Kidnap, Ransom & Extortion (KRE) policy and a competitor’s Family KRE coverage offered as part of, or an extension to, a homeowner’s policy.


Schinnerer 

Competitor 

Covered events include kidnap/ransom, extortion (including cyber extortion), hijack, detention
      YES
        ?


Worldwide coverage territory

      YES         ?

Legal liability coverage with defense outside the limits on pro-rated basis
      YES         ?


Limit dedicated to additional expenses coverage (see policy form for all items covered)

      YES
        ?

Limit dedicated to personal accident as result of insured event (death, permanent total disablement, loss of limb, loss of sight, loss of extremity, or loss of speech/hearing)
      YES
        ?

Event related medical & psychiatric expenses not sublimited (included within additional expenses limit)
      YES
        ?

Security response firm fees & expenses at an unrestricted limit
      YES
        ?

Broad definition of insured persons that includes guests of insured while on their premises
      YES
        ?

Security response services provided by Control Risks
      YES
        ?

Availability of child abduction coverage with no coverage restriction on the age of children
      YES
        ?

Availability of threat response coverage that includes coverage for threats to inflict bodily harm, property damage or to reveal confidential information
      YES
        ?

Availability of travel security evacuation/repatriation coverage
      YES
        ?

Availability of disappearance expense & investigation coverage 
      YES
        ?

 

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This information is for illustrative purposes only and is not a contract. It is intended to provide a general overview of the policy described. Nothing contained herein should be construed as an acknowledgement by Schinnerer that a given situation may be covered under a particular policy. © 2015, Victor O. Schinnerer & Company, Inc.

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