Hi Jensen, This depends on the provider. In the UK, most insurers will cover terrorism risks either on request or as part of their standard cover. Most UK insurers will generally recover these losses from Pool Re (subject to retention limits etc). Broadly speaking (very broadly speaking), Pool Re is a reinsurer that can rely on the UK Government as a lender of last resort. Here's a link that tells you more about how terrorism cover operates in the UK: http://www.poolre.co.uk/HowItWorks.html Remember though that ST8 is not a UK specific exam, and other territories will operate in different ways. Kind regards, Katherine.
So I can put down terrorism as one of the covered perils for a commercial property, right? Cool thanks!
