War risk insurance is essentially a buy-back of the war risk exclusion in your P&I cover and protects you against liabilities resulting caused from war risk situation.
Who should buy it?
Anyone who has taken out an underlying Charterers’ Liability.
What does it cover?
It is a buy-back of the war risk exclusion in your Charterers’ Liability cover and when taking out war risk insurance you are “restoring” your normal Charterers’ Liability cover in warlike situations. It provides cover for a range of events like war, civil war, revolution, derelict mines, torpedoes, bombs or other derelict weapons of war to name a few.
Full details of this insurance (including applicable limits) can be obtained from on request.