Product Update

Stand-Alone Terrorism Insurance and Cancellation Summaries Revised in Commercial Property Insurance


This release of Commercial Property Insurance completely revamps and expands the discussion of stand-alone terrorism insurance. A stand-alone terrorism policy is a specialty property insurance policy that covers only loss due to terrorism. Purchasing stand-alone terrorism insurance is an alternative to including coverage for loss due to terrorism in the commercial property policy (sometimes referred to as "embedded terrorism coverage"). It is a particularly important option for organizations with property that is viewed by insurers as posing a relatively high risk of loss due to terrorism.

Also included in this release are updated state cancellation summaries for commercial property policies.

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