Extortion

Coverage form G insures against loss of money, securities, and property other than money and securities resulting directly from "extortion". The fact that the surrender must occur away from the premises is important.

The person being held captive could be the named insured (if an individual) or an employee, or a relative or invitee of either the named insured or an employee.

When buying extortion coverage, the insured can elect to participate in any insured loss by a stipulated percentage that is specified in the schedule.