Risks : PA
HIJACKING CLAUSE
The Company will pay benefit at the rate of USD. 100.00 for each period of 24 hours or part thereof that the Insured person is prevented from reaching his Schedule destination through Hijack of any Aircraft in which such person is travelling as a fare paying passenger during the period of Insurance.
The Company will also pay reasonable expenses incurred as a result of Hijack provided that the total amount payable for each Insured person shall be limited in accordance with the following table.
Insured Persons Maximum Amountof Benefit Payable for Person
Each Insured Person over 16 years of age USD. 10,000.00
Each Insured Person under 16 years of age USD. 5,000.00
“Aircraft” shall mean any aircraft operated by a recognized Airline on a regular Scheduled Service over established air routes or any fully licensed standard type multiengined aircraft operated by a recognized Air Charted Company “Hijack” shall occur where threats of violence are made with the intention or diverting an Aircraft from its Scheduled routes.
HIJACKING CLAUSE - PA
Risks : PA
It is agreed and noted that this policy includes the loss or damage due to hijacking means the acquisition or attemped acquisition of the conveyance and/or other insured goods whilst in transit by violence or threats of violence.
Where the subject-matter insured hereunder (or any apportionable part) becomes missing and after the lapse of a reasonable time has not been located, an actual total loss of the subject-matter insured (or any apportionable party) may be presumed. For the purposes of this insurance, there shall be deemed to have been the lapse of a reasonable time where delivery to the consignees’ or other final warehouse or place of storage at the destination named herein has not been effected within 90 days of the expected date of such delivery. If, after the payment by the Insurer(s) of an actual total loss as provided for above, this subject-matter insured or whatever may remain thereof is located, the ownership and all proprietary rights incidental thereto shall be vested is the Insurer(s) the subject-matter insured of whatever may remain thereof.