Some, but by no means all, ARPI policies contain a clause excluding spontaneous combustion, namely a fire brought about by the conditions produced within the substance itself. The key element to spontaneous combustion is the creation of a fire without obvious external factors. Therefore, there have been doubts as to whether or not an insurance policy would cover such a loss, even if it was not specifically excluded. In other words,...more
There is a degree of overlap again between riot, civil commotion and terrorism, but terrorism is considered separately in that, again, it has a somewhat different history of coverage under All Risk Property Insurance (ARPI) policies. Since the mid-1970s most ARPI policies have contained an exclusion for losses occurring in Northern Ireland. The standard exclusion has excluded liability for damage in Northern Ireland or Eire caused...more
A dramatic change in the market took place following the massive explosion that had occurred in St Mary Axe in 1992 resulting in damage to the Commercial Union building and other buildings in the City. At the end of 1992 the reinsurance market withdrew cover for terrorism leaving many direct insurers exposed and being required to cancel existing cover, leaving assureds with commercial properties, particularly in the City area, exposed to a substantial risk. This led to the unusual situation of the government agreeing to act as a reinsurer of last resort. The reinsurers' main concern had been that terrorism was a political issue and, as such, a risk which would not respond to normal risk management and loss control measures. As a result of the withdrawal of reinsurers from the market, on 12 November 1992, the ABI issued a press release announcing that it had made available to its members a model terrorism exclusion for industrial and commercial risks as follows: 'The insurance does not cover damage or loss resulting from damage in Great Britain by fire or explosion occasioned by or happening through or in consequence directly or indirectly of terrorism except to the...more
The Chambers Concise Twentieth Century Dictionary defines terrorism as "an organised system of intimidation especially for political ends". Lastly, the Concise Oxford Dictionary describes a terrorist as "a person who uses or favours violence and intimidating methods of coercing a government or community". The Prevention of Terrorism...more
Without such public declarations, the identity of the target may be an indication of whether the motive is specific or whether it has political motivation—is the intention to influence the individual or the government? If, for example, animal rights campaigners chose as a target a public institution with no specific link with an...more
When purchasing commercial vehicle insurance there are many different options to choose from, do you need breakdown insurance, towing insurance or windscreen insurance? These different commercial van insurance extras will affect how much you pay for your insurance, and while you do want your insurance policy to be affordable you need proper protection for your transit vans and other commercial vehicles. Thats why its important to read the insurance policy carefully, look at a variety of insurance policies and decide what is best for you and your company.The Types of Extra Commercial Vehicle InsuranceThere are a number of insurance policies that can be purchased alongside the three main policies of Third Party Only, Fire and Theft, and Comprehensive. These minor insurance policies depend on the insurance company but usually involve things such as towing insurance, windscreen repairs, additional auto-theft insurance, and breakdown insurance.Towing Insurance can be used when your commercial van is towed for a parking violation or needs to be towed due to a breakdown. In most cases a regular insurance policy will not cover this fee unless the transit van was in a accident. For a...more
With so many insurance companies in the United States today, choosing the one that suits best your needs can be a puzzling decision to make. So once you have decided to buy an insurance policy, how do know if the insurance provider is the right one....more
So your on the market for ipod touch insurance of blackberry insurance? If so, then you will find the information presented herein to be very helpful. There are numerous attributes and qualities that you should be looking for in an...more
At the end of July 2010, it was confirmed by the Transport Secretary Philip Hammond that from January 2011 motorists will receive up to £5,000 towards the purchase of an ultra-low carbon car. The initiative is open to both fleet and private...more
Around 20 years ago, a game came out on the popular gaming platforms of the time, called Sensible Soccer. That name could be applied, now, to the football insurance policies promoted by sports insurance legends Lockton Sports, who have been providing...more
You have moved to your new apartment home recently and to your bad luck your personal valuable possessions go missing as there is a house break, what do you do and how do you recover the loss? The landloard insurance policy only covers the property...more
We are the leading Title Insurance Company in the State of Florida. Title Tampa provides Title Insurance Policies for residential and commercial properties located in Florida. We are locally owned and operated in the Tampa Bay area and...more