Kidnapping & Ransom Insurance

Madeline

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K & R insurance will pay the costs of negotiating with/locating and rescuing and/or ransoming back your loved one. It has been sold through much of South America for at least 30, 40 years now. In the mid 1990's, the owners of the South American insurance companies that handled that market cast a gaze towards Florida, thinking that with Miami on a slick road to severe criminal chaos, they might could expand their sales territory.

The very term "car jacking" was coined by The Florida legislature in 1993 after a series of horrific crimes in the Miami area, all of them involving kidnapping/theft/assault/murder or attempted murder.

Fort Lauderdale Crime Lawyer :: Carjacking :: West Palm Beach Criminal Defense Attorney

The right to legally sell any form of insurance in any US state is dependent on a license or certificate from that state -- no company can legally enter the US and sell insurance anymore than they could sell stocks and bonds. When the South American companies approached Florida state government 20 years ago with their K & R business plans, the response was a firm "no". The feeling on the part of the government at the time was that permitting the sale of such a product would increase the incidence of the very crime it is meant to help protect against. (In the early 1990's, no K & R insurance had ever been legally sold in Florida; I believe that may have been true for the entire US.)

How times change. Isn't it time to revisit this government policy of "no. absolutely not." regarding K & R insurance, at least in some states?

Kidnap and Ransom Insurance Explained



 
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editec

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Remember...being a kidnapping victim is just God's way of telling you that you (or your loved ones) have too much money.
 
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Madeline

Madeline

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Remember...being a kidnapping victim is just God's way of telling you that you (or your loved ones) have too much money.

How much is "too much"? I suspect to a Mexican thug, we all have "too much", editec. The need for this coverage might be enormous.

 

midcan5

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Right after we outsource the government, media, and trash collection and just after meteor insurance, alien invasion insurance, ingrown toenail insurance, this will be my next consideration, as outsourcing kidnapping insurance is right up near the top of priorities of average people and obtaining it just below that. ;)


pros and cons of ransom insurance - Google Search
 

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