A risk is deemed to be located in an EU or EEA state if it is: (a) a building (and contents if insured under the same policy) situated in the Member State; (b) a motor vehicle, ship, yacht or aircraft registered in the Member State; (c) a travel policy not exceeding four months taken out in a Member State. For any other insured risk (including a life) it is an individual: (a) if the policyholder is habitually resident in the member state; (b) a business or organisation if the establishment to which the contract relates is situated in a Member State.