What is FREE OF CAPTURE OR SEIZURE CLAUSE?

Exclusion statement, typically in marine insurance policies. A special, separate policy is necessary to cover excluded losses in situations such as warlike hostile acts, rebellion, mutiny, and civil strife.

More On This Topic



Link to This Definition
Did you find this definition of FREE OF CAPTURE OR SEIZURE CLAUSE helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary