What it does

IL 00 30 modifies the Boiler and Machinery, Commercial Crime, Inland Marine, Commercial Property, Equipment Breakdown and Farm coverage parts, the Government Crime form and the Standard Property Policy. It adds an exclusion of loss caused directly or indirectly by "terrorism", including action to hinder or defend against it, regardless of concurrent or sequential causes.

Key provisions

• Definition: "terrorism" means activities involving force or violence, a dangerous act, or disruption of electronic, communication, information or mechanical systems, intended to intimidate or coerce a government or population, to disrupt the economy, or to further political, ideological, religious, social or economic objectives.
• When it applies: only when one of the following is attributed to the incident:
  • Use or release of radioactive material or a nuclear device.
  • Use or release of pathogenic or poisonous biological or chemical materials.
  • Total insured damage to all property in the United States, its territories and possessions, Puerto Rico and Canada over $25,000,000. Insured damage includes business interruption losses of owners or occupants. Related incidents within 72 hours count as one.
  When it applies, there is no coverage under the coverage form, part or policy.
• Fire exception: in states listed in the schedule, resulting fire is covered for direct damage to covered property.

Quoting and selling notes

• These forms were designed for terrorism outside TRIA's certified-acts framework, for example acts that are never certified or program lapses. Understand which terrorism forms are attached and how they interact.
• Related: IL 00 31 (NBC-only exclusion) and IL 00 32 (sub-limit).