Hostage Crisis
The Captain of a small freight transport vessel is assaulted and held hostage in Boston harbor while criminals steal his cargo. The offenders then take him in their vehicle where he’s later released at a remote gas station. He calls his office, which in turn reports the offense to local police.
Coverage
1st party coverage
Sub-limited cover:
- Additional expenses
- Death or disablement
- Deprivation
- Expenses
- Extra expense
- Financial loss costs
- Funeral expenses
- Ransom
- Ransom / in transit / delivery
3rd Party coverage
Judgments, settlements & defense costs
Crisis Consultant costs
Definition
Hostage Crisis means the illegal holding of one or more insured person(s), for a period in excess of one (1) hour, by an opposing party who demands that a set of specified terms are met as a condition of the release of such insured person(s).
