TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

WAR RISK INSURANCE [1 record]

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Alphabetical list of terms

Record 1 2002-01-15

English

Subject field(s)
  • Insurance
  • Water Transport
  • Foreign Trade
DEF

Insurance issued by marine underwriters against war-like operations specifically described in the policy. In former times, war risk insurance was taken out only in times of war, but currently many exporters cover most of their shipments with war risk insurance as a protection against losses from derelict torpedoes and floating mines placed during former wars, and also as a safeguard against unforeseen warlike developments. In the United states, war risk insurance is written in a separate policy from the ordinary marine insurance; it is desirable to take out both policies with the same underwriters as to the cause (marine peril or war peril) of a given loss.

French

Domaine(s)
  • Assurances
  • Transport par eau
  • Commerce extérieur

Spanish

Campo(s) temático(s)
  • Seguros
  • Transporte por agua
  • Comercio exterior
Key term(s)
  • seguro contra el riesgo de guerra
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