What Does Kidnap and Ransom Insurance Mean?

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What does Kidnap and Ransom Insurance mean? Read on to discover the definition & meaning of the term Kidnap and Ransom Insurance - to help you better understand the language used in insurance policies.

Kidnap and Ransom Insurance

Kidnap and Ransom Insurance

Kidnap and Ransom insurance (K&R) is an indemnity policy that compensates for the financial loss an individual suffers when he or she becomes a victim in a kidnap for ransom situation. Compensation usually extends to medical expenses for injury and damage brought about by the same situation.

We hope the you have a better understanding of the meaning of Kidnap and Ransom Insurance.

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