# War Risk Insurance

*Last updated: 2026-06-26*

> War risk insurance is a standalone policy covering loss of or damage to vessel and cargo caused by war, hostilities, piracy, invasion, or civil unrest – perils that every standard marine policy explicitly excludes.

War risk insurance is a standalone policy covering loss of or damage to vessel and cargo caused by war, hostilities, piracy, invasion, or civil unrest – perils that every standard marine policy explicitly excludes. It complements conventional cargo or hull cover and is indispensable for shipments routed through politically unstable or actively contested waters. Cover is placed with specialist underwriters or through the Lloyd's War Market; premiums are typically structured as a per-voyage or per-diem rate and reflect the geopolitical risk of the specific route. During periods of escalating conflict, rates can rise substantially within days, making continuous market monitoring essential for shipowners and cargo interests alike.

**Source:** [https://www.investopedia.com/terms/w/war-risk-insurance.asp](https://www.investopedia.com/terms/w/war-risk-insurance.asp)

## Quick Facts

| Property | Value |
|---|---|
| Term | War Risk Insurance |
| Language | EN |
| Word count | 107 |
| Last updated | 2026-06-26 |
| Source | https://www.investopedia.com/terms/w/war-risk-insurance.asp |

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