Standard property insurance policies do not cover damage caused by acts of war or terrorist attacks. While such events are appreciatively rare in the UK, there is still a continual underlying threat.

If an act of terrorism affects your block and there is no insurance in place, the directors of a residential management company are exposed to the potential of being sued and losing personal assets.

If your property is located in a target area, such as near government buildings, major transport hubs, or famous buildings, terrorism insurance would provide you with peace of mind and the financial protection to put things right if the worst should happen

Other risks you may consider include:

  • Residents in a block of flats could be potential targets due to their place of employment or other factors
  • A bomb could be assembled or travel through your local area, leading to an unplanned explosion or evacuation
  • An occupying tenant could be a potential terrorist – there could be a police raid on the property or an accidental explosion
Terrorism insurance features:
  • Buildings and contents
  • Business interruption
  • Loss of rent

It is important to remember that HM Government or Treasury must declare an act of terrorism before a claim against a policy providing protection for acts of terrorism. The definition of an Act of Terrorism is complicated, although you can find out more including the official definition in the Reinsurance (Acts of Terrorism) Act 1993.

Importantly, we can only provide terrorism cover if arranging the main fire insurance policy for the property and that terrorism cover will only operate while the main fire policy is in force.

Terrorism insurance exclusions:
  • The transmission or receipt of any virus, program or code that causes loss or damage to any computer system.
  • Any loss of market for your products or services.
  • Strikes, riots or civil commotion unless damage or loss is caused directly by an act of terrorism.
  • War, invasion or war like operations.

These are some of the key exclusions/limitations, full details will be found in policy wordings.

With Adler Insurance you can be confident that, in the event of the worst happening, your claim will be handled by a dedicated claims team.

Simply contact our team using the details within your policy documents, or call them direct on 0121 764 7563. They will talk with you about your claim, guiding you through your next steps and taking you through the process.

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