It does not matter the currency, Kidnap and ransom fees add up quickly

It is said that a good kidnap and ransom insurance policy can easily be separated from a poor policy by looking at the expenses it pays for.  Most people will look right at the benefit itself.  A K&R insurance policy with a $250,000 ransom benefit can be ten times as good as a policy offering a $1,000,000 benefit, and expenses paid (or not paid) by the K&R policy is a major differentiator.

A company with a poor policy will quicky realize it as such when they start getting bills for $3,000 a day for expenses and bills not covered by the insurance policy.  In an international kidnapping, and expert is needed on the ground to do the negotiations, and these could last weeks or even months.

A good kidnap policy should contain all expenses paid, at a very high amount or better yet, on an unlimited basis.  A good independent consulting firm that does the hostage negotiation or kidnap negotiation probably has some already on the ground or in the region that they can call on.  Let’s look at just some of the expenses and fees.  This person or persons need to fly into the location.  They will need lodging and will need to eat.  They will need to transport equipment and set up a command center for perhaps weeks or even months.

A kidnap and ransom negotiation that takes 60 days may cost $180,000 if expenses are $3,000 US a day.  Making sure all expenses are paid by the kidnapping insurance you are taking, is the first priority but amazingly, often overlooked.