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Exclusion zones

After the appalling London bombings of July 7, survivors, victims and families of the deceased are having to dealing with various insurance companies for their claims.

Many insurance companies have an exclusion clause for acts of terrorism. Bupa life policies cover acts of terrorism but its PMI policies do not.Fortunately, most of the “household name” companies have confirmed they will honour claims resulting from the bombings, but for the sake of the victims and their families, I sincerely hope that all insurers involved will do so as a rejected claim would undoubtedly be a very hard knockfor anyone to bear.

This also raises the question of best advicewhen recommending life, critical-illness or PMI policies.Shouldadvisers be putting moreemphasison those companies which categorically do cover acts of terrorism over those which do not?This is not only a problem for London as in the past we have seen bombings across the UK, including Manchester, Brighton and Birmingham.

Jim GillespieIndependent Financial Services,

Hartlepool

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