Other declared risks

How it happens

1. 1 The cover identifies a specific event outside the other families and describes it in the contract.
2. 2 The same version sets out the exclusions, the eligibility, the limits and the claim procedure. Those elements have to be read together.
3. 3 The request is assessed against the published conditions. Being in this family does not automatically make eligible every incident that differs from the others.

An example, with no proper name

A particular operational need of a treasury may be described in a cover in this family, if that need is assessed and published. The example is not an offer: the event, the responsibilities and the limits have to appear in the conditions before the scope can be known.

The example describes the mechanism, not a real incident. Concrete cases in this segment belong to the people who lived them, and presenting them here would suggest an involvement that did not happen.

What the impact is

The extent of the loss depends on the event described. Identify which positions or activities can be affected, and compare that exposure with the contractual limits, as with the other families.

What reduces the exposure

• Read the event provided for together with the exclusions and the eligibility criteria. The name of the family does not replace those definitions.
• Before any purchase, check the deadlines for notifying the incident and the evidence required by the specific cover.

What a claim in this family needs to prove

• Whatever the published version of that cover's contract expressly requires.

The exact requirement is the one in the published version of the purchased coverage contract. This list is what is usually necessary in this family.