Does K&R Insurance Cover Kidnapping?
Yes, kidnapping is the core K&R event: policies pay ransom and response costs, and Chubb's also covers express kidnapping, where victims are forced to withdraw cash.
Yes. Kidnapping is the event K&R is named for. Chubb's primary K&R policy makes its full limit available for expenses from a covered kidnapping or express kidnapping, and its insuring clauses include ransom, custody (loss of ransom money in transit) and insured event expenses. Travelers says its K&R cover is designed to limit the financial impact of a kidnapping, extortion or detention.
You also get a response team, not just money: Chubb includes The Ackerman Group and Travelers includes SPS – Global. Before you buy, check who counts as an insured person and what notice you must give the insurer when an incident starts.
