HI,

Question of the day. Under TRIA, eligibility requires that there be an "insured loss" of at least $5 million from a "certified" act of terrorism.
Would this imply that losses under 5 mill are not covered by a carrier's terrorism coverage? Thus, if an insured carries only 5 mill in limits, why should they have terrorism coverage if TRIA isn't triggered until a 5 mill loss?

Please help.

I didn't find the right solution from the Internet.

References:
https://www.insurancejournal.com/for...opic.php?t=594
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Thanks!