When you and your family are worth a lot of money, it can create some unique problems. The more you have, the more others will try and see what they can get away with you. While petty theft is something people should always take into consideration insurance, more complex problems like kidnapping and ransom may not immediately come to mind. Still, you need to consider worst-case scenarios in order to ensure you’re covered for whatever awaits down the line.
An Overview of K&R
The basics of K&R insurance are easy to understand. Should you or anyone who is insured under the policy fall victim to kidnapping and ransom demands, the policy will help to cover you through some of the difficulties. An indemnity policy is one where your insurance provider will repay you for the ransom funds you or your business needs to put forward. These finances can also be applied to cases where a victim dies, is dismembered, or requires medical services. Other points to consider include:
- Insurance when traveling abroad
- Staying mindful of new and unknown environments
- Action before the unthinkable
Protect Those You Love
Staying protected is all about covering all possible threats to you and your loved ones. If you think kidnapping and ransoming are threats that could come up in the future, now is the time to review your options with insurance.