War Risk Insurance Law and Legal Definition
War risk insurance is an insurance offered by the federal government to protect persons against wartime loss of vessels and property on the high seas, and death or injury while in the armed forces. Insurance covering damage caused by acts of war. War risk insurance takes two forms: war risk liability, covering employees, customers, and other persons and their effects, and war risk utility, covering property. War risk insurance refers to those contracts which were brought by the U.S government during the First World War to replace ordinary life and accident insurance which was no longer available to those in the hazardous occupation of military service.
