The heightened tension between India and Pakistan in recent weeks has prompted an increase in enquiries regarding “war cover” from Indian companies and individuals alike, said industry insiders.
That said, insurance brokers pointed out that 'war' is typically excluded from insurance coverage, except in the case of marine and aviation policies.
According to insurance experts, commercial lines, including property, fire and other segments, do not cover “war”, as war on land is historically a standard exclusion. However, “war cover” may be bought under marine hull and cargo, and aviation segments.
