Terrorism, as well as politically and ideologically-motivated violence has sadly become more commonplace over the past two decades, leading insurance carriers to list these acts as exclusions on most property policies. NREIG is now able to provide Terrorism and Political Violence coverage as a standalone offering on our Program. We believe this coverage is so important that we are including it on all eligible properties unless it is declined by the client.

Coverages include:

  • Acts of Terrorism
  • Active Assailant Event (ex. active shooter)
  • Acts of Sabotage
  • Evacuation Expense
  • Gross Earnings

* General, property and geographic exclusions apply, see policy for details.

Terrorism Risk Insurance Act

The Terrorism Risk Insurance Act of 2002 (TRIA) was enacted after 9/11 caused $45 billion in insurance losses. It was intended to provide a "backstop" for insurers (with federal loss-sharing) in the event of a major terrorist act. The following must occur in order for TRIA coverage to trigger:

US Secretary of the Treasury (in consultation with the Secretary of Homeland Security and Attorney General) certifies the event as an act of terrorism

Treasury deems the act caused more than $5,000,000 in damage

A standalone terrorism policy means that these thresholds do not have to be met for a claim to be paid out. Our terrorism coverage is a set cost per location, where TRIA premiums are based on a percentage of the property premium.

If you are a current client and would like to add this coverage to your existing portfolio of properties, contact your Client Service Representative.