Regular insurance policies in Lebanon do not cover losses from terrorist attacks.
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The spate of deadly bombing in Lebanon has prompted many corporations and some individuals to seek insurance policies covering "terrorism" attacks, a number of insurance firms said Tuesday.Regular life insurance policies in Lebanon do not cover death or injury resulting from a bombing or war.Passive war and terrorism insurance is a policy that provides financial protection against losses sustained from occurrences such as war, revolution, a military coup or terrorism. Ahmad Tabaja, chairman and general manager of Compass Insurance Co., reported an increase in the demand for passive war and terrorism insurance by more than 50 percent, mainly by banks, hotels and large companies.Mirza said that the price of passive war and terrorism insurance policies was expected to rise as well.
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