How much does kidnapping insurance cost

If the insured is traveling to hot spots, then the price tag goes up. A kidnap and ransom claim can quickly run into the hundreds of thousands or even millions of dollars. Although these policies are often complicated and sometimes expensive, they are an absolute necessity for employees or high-net-worth individuals traveling to areas where the kidnapping risk is high. Risk Management Insurance Review. Accessed June 9, Insurance Information Institute.

Department of State. Family Finances. Health Insurance. Life Insurance. Home Ownership. Actively scan device characteristics for identification. Use precise geolocation data. Select personalised content. Create a personalised content profile. Measure ad performance. Select basic ads. Create a personalised ads profile. Select personalised ads. Apply market research to generate audience insights.

Measure content performance. Develop and improve products. List of Partners vendors. Your Money. Personal Finance. Your Practice. Popular Courses. Personal Finance Family Finances. Kidnap and ransom insurance provides negotiators and eventual reimbursement, but the victims must pay the ransom with their own money before it can be refunded.

Article Sources. You will pay more in premiums if you travel to countries where kidnappings have occurred in the past or that are experiencing political unrest. According to insurance broker A. Department of State, " U. Insurance Information Institute. Ironshore Specialty. Accessed April 2, Control Risks. Arthur J. Actively scan device characteristics for identification.

Use precise geolocation data. Select personalised content. Create a personalised content profile. Measure ad performance. Select basic ads. Create a personalised ads profile. Select personalised ads. Apply market research to generate audience insights. Download Transcript.

For Individuals. Insurance for Individuals. Affinity Group Discount. Online Service. Pay Your Bill. It's easy to get a free quote for home insurance from Travelers in just a few minutes. For Business. Small Business. Large Business. Multinational Business.

For Business Overview.