War & Extra War Insurance

War risk insurance covers damage to a vessel due to acts of war, including invasion, insurrection, rebellion and hijacking. War risk insurance has two components: War Risk Liability, which covers people and items inside the vessel and is calculated based on the indemnity amount; and War Risk Hull, which covers the vessel itself and is calculated based on the value of the vessel. The premium varies based on the expected stability of the countries to which the vessel will travel.