Claims Example

Extortion - Threats to Persons and Property Rider

An extortionist arrives at a bank president’s home and holds the president, his family, and a visiting neighbor captive. The extortionist places a demand to the executive vice president for $1,000,000 for the release of the captives without harm. The executive vice president notifies the chairman of the board, the FBI, and the local police department. The demand amount is covered under the Extortion Rider, up to the limit of liability.