War risk insurance

{
  "id": "MLC-T-INS-003509",
  "term": "War risk insurance",
  "field": "Insurance and risk management",
  "definition": "Insurance that covers losses to property, cargo, or vessels resulting from acts of war, such as invasion, insurrection, rebellion, or seizure by a hostile power. Standard marine and property policies explicitly exclude these perils through a Free of Capture & Seizure (FC&S) clause. This separate policy is written to cover the specific exposures removed by the war exclusion in the primary policy.",
  "url": "https://mlchart.com/terminology/insurance/war-risk-insurance/"
}