A few people now invest in kidnapping and ransom insurance for various reasons but mainly for their security. On the other hand, some people are simply driven away by kidnap insurance cost. Although not everyone needs a kidnapping insurance policy, some people seriously do.
Kidnap insurance policies were established to help people in case they get kidnapped or abducted. Kidnapping is a crime that is associated with a ransom in many cases. Thus, it could impose unreasonable expense on the part of the victim. There is a report saying that the rate of kidnapping is increasing by 10% around the world.
The problem is some people do not consider the need to have this form of insurance because they feel as though there is a remote possibility for them to be kidnapped. But if you read even a few kidnapping insurance policy articles, you will find out that even average people have been victims of such crimes.
Who should consider kidnapping insurance?
1. If you have received threats: If you are a television reporter, a politician, or a company head, you probably have received threats from anonymous persons. While some people consider to just ignore these threats, clever people don't. It wouldn't hurt to seek security and protection. Serious consequences happen to people who employ the "it won't happen to me" ideology.
2. If you have to travel to high-risk areas: Mexico, Colombia, Philippines, and South Africa are some of the commonly reported countries where random cases of kidnappings occur. Kidnap victims in these countries are usually tourists or visitors. Rebel militants usually demand ransom for the release of the victims. Without an appropriate insurance, you could lose a lot of money after paying the ransom. This money is gone forever if you have no insurance. The alternative would be to choose safer destinations. For some people like dignitaries and national representatives, this is not an option.
3. If you are a prominent person: If your name is all over the place, you probably should put a prime on your protection. Many celebrities and politicians buy kidnapping insurance policies. As these people earn big, they usually would not mind the kidnap insurance cost so long as they can sleep sound at night. Aside from getting insurance, these people also install security systems in their homes or offices.
4. If your job is risky: People sent to high-risk zones where kidnapping incidents are reported should seek the right insurance. In many cases, the employers of these people provide insurance for these workers. If you are one of these workers, you have to be sure.
5. If you simply want peace of mind: You're probably the simple homeowner who wants to take care of his property. If so, getting a kidnapping insurance is reasonable. You cannot be too safe. Putting your kids on insurance is also a wise option. You see a lot of cases of domestic kidnapping. Most of these cases do not involve ransom, although they still have caused distress to the victims and their families. An insurance would allow you certain services like crisis management and counseling. At the same time, the insurance would reimburse expenses incurred as a result of kidnapping.