Insurance

Free-of-capture-and-seizure (FC&S) clause

Marine insurance often contains a clause that specifically excludes coverage for losses incurred due to war. This means that any damages or losses resulting from a war or military conflict will not be covered under the insurance policy. This exclusion is designed to limit the insurer's liability and protect them from potential large-scale losses. It is important for individuals and businesses to be aware of this clause and understand its implications when purchasing marine insurance. By being knowledgeable about the terms and conditions of their insurance policy, individuals can make informed decisions about their coverage and protect themselves from potential financial risks.

Related terms

Attained Age

Understand the meaning and definition of Attained Age in the context of stock market, trading, and investments.

MORE
Final Expenses

Understand the meaning and definition of Final Expenses in the context of stock market, trading, and investments.

MORE
Consequential losses

Understand the meaning and definition of Consequential losses in the context of stock market, trading, and investments.

MORE
Friendly fire

Understand the meaning and definition of Friendly fire in the context of stock market, trading, and investments.

MORE
Independent adjuster

Understand the meaning and definition of Independent adjuster in the context of stock market, trading, and investments.

MORE
Open Free Demat Account!

Join our 3.5 Cr+ happy customers

+91
Explore other categories
Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS
Enjoy Zero Brokerage On Stock Investments

Get the link to download the App

Get it on Google PlayDownload on the App Store
Open Free Demat Account!
Join our 3.5 Cr+ happy customers