Kidnapping and Ransom Insurance

Kidnapping and ransom insurance is now being offered in the United States. A handful of insurance companies offer kidnapping and ransom insurance through advertisement. Most insurance companies prefer to have you hear it through word of mouth.

A few years ago people, who were traveling for their companies to countries like Columbia, used to buy kidnapping and ransom insurance. Kidnapping and ransom situations occurred often there.

Now, kidnapping and ransom has come to southern Texas. Now, kidnapping and ransom insurance is being offered to wealthy families who might find themselves on top of a kidnapper's victims list.

Tucson, Laredo, Nuevo Laredo are just a few of the cities along the border to be touched by kidnapping and ransom. Some wealthy families in Nuevo Laredo have crossed the border to the U.S. side to try and escape the threat of kidnapping and ransom.

Why are kidnapping and ransom scenarios on the rise? Most officials point a finger at the Drug cartels and wanna be cartels. It's a fast way to garner some quick cash. The terms "express" or "drive-by" kidnappings are used now. Kidnapping and ransom seems to be the new cottage industry along the southern border.

It is estimated that 2/3 of the Fortune 1000 companies purchase kidnapping and ransom insurance coverage now. Insurance companies offering the K&S or kidnapping and ransom insurance keep very strict confidentiality on their clients. Anyone suspected to have a policy is targeted for kidnapping and ransom.

What does kidnapping and ransom insurance cover?

This insurance covers the kidnapping and ransom money. But it only covers it in transit, until it is delivered.

The kidnapping and ransom insurance also covers legal liabilities, fees for professional negotiators, personal accident insurance and travel expenses.

Kidnapping and ransom insurance fees range from $1800 - $7500 a year. There have been many clients in the last few years that have benefited from kidnapping and ransom insurance. When their ransom was paid, the kidnappers let them go.

Some kidnapped victims are not so fortunate. Nuevo Laredo, Mexico has rumors galore of kidnapped people being found dead in garbage cans, taco parlors, etc. The rise in violence along the southern border has prompted the insurance companies to handle the kidnapping and ransom policies.

So far the instances of this kind of kidnapping and ransom schemes seems to be isolated along the southern U.S. border. But should those statistics change, and the violence move further inland, kidnapping and ransom insurance may start popping up in other areas of the U.S.