A kidnap and ransom (K&R) insurance claim is a type of insurance that provides financial protection to individuals or organizations in the event of a kidnapping or ransom demand. It covers costs associated with the recovery of the victim, such as ransom payments, security expenses, and legal fees.
K&R insurance is particularly important for individuals who travel to high-risk areas, work in dangerous professions, or have a high net worth. It can provide peace of mind and financial security in the event of a worst-case scenario.
