What Does Extortion Coverage Form G Mean?

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What does Extortion Coverage Form G mean? Read on to discover the definition & meaning of the term Extortion Coverage Form G - to help you better understand the language used in insurance policies.

Extortion Coverage Form G

Extortion Coverage Form G

An Insurance Services Office, Inc. (ISO), form (CR 00 08) that insures against loss of money, securities, and other property surrendered away from the premises as a result of a threat to do bodily harm to the insured, an employee, a relative, or invitee who is or allegedly is being held captive. Broader coverage, often at a reduced premium, can often be obtained by purchasing a separate kidnap and ransom policy from an insurer specializing in this field.

We hope the you have a better understanding of the meaning of Extortion Coverage Form G.

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