Coverage description
A certified acts of terrorism cap limits insurer liability for certified terrorism losses, often through TRIA-related policy language. These examples address the same statutory threshold in different coverage contexts.
Coverage classification
- Form type
- Endorsements
Compare Certified acts of terrorism cap forms
| Form | Intent | Coverage context | Cap and allocation |
|---|---|---|---|
First National Insurance Company of AmericaCap on Losses from Certified Acts of Terrorism 1G1523FR 07 23 Commercial General Liability | Limits insurer payments above the specified aggregate certified-terrorism loss threshold. | Commercial general liability. | Addresses aggregate insured losses over $100 billion, insurer deductible and pro rata allocation. |
Liberty Mutual Fire Insurance CompanyCap on Losses from Certified Acts of Terrorism BR 09 02 09 26 Builders Risk | Adds a cap on losses from certified acts of terrorism. | Master and project builders risk coverage forms. | Uses the $100 billion annual threshold and addresses pro rata allocation; the form also preserves other exclusions. |
Notable clauses
“exceed $100 billion in a calendar year”
First National Insurance Company of America · Cap on Losses from Certified Acts of Terrorism · 1G1523FR 07 23
Aggregate losses. The threshold refers to aggregate insured losses attributable to certified acts.
“do not serve to create coverage for any loss which would otherwise be excluded under this Policy …”
Liberty Mutual Fire Insurance Company · Cap on Losses from Certified Acts of Terrorism · BR 09 02 09 26
Other exclusions. The endorsement states that its terrorism provisions do not create coverage for otherwise excluded losses.
Market activity
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Form examples
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