Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Good news: Homeowners insurance covers a "sharknado"
We asked folks at the Insurance Information Institute, an industry group, for their take on the issue. The considered opinion of several experts, including their chief economist, was yes--for the most part.
"A tornado is a wind event," says Mike Barry, vice president of media relations. Wind events, including hurricanes, tornadoes, cyclones and other such calamities, are covered under a standard policy. But a falling shark?
"It would be covered, yes, as a falling object," Barry confirms. In case you were wondering, damage from an errant asteroid would be covered by your homeowners insurance under the same principle.
"A tornado is a wind event," says Mike Barry, vice president of media relations. Wind events, including hurricanes, tornadoes, cyclones and other such calamities, are covered under a standard policy. But a falling shark?
"It would be covered, yes, as a falling object," Barry confirms. In case you were wondering, damage from an errant asteroid would be covered by your homeowners insurance under the same principle.
http://news.consumerreports.org/money/2013/07/good-news-homeowners-insurance-covers-a-sharknado.html
3 replies
= new reply since forum marked as read
= new reply since forum marked as read
