Insuring Interplanetary Acts of God
Are you covered by your insurance if a meteor hits?
When a meteor exploded in the sky above Russia’s Ural mountains, damaging cities and injuring thousands, at first it seemed like an event out of a movie, about alien invasion or a nuclear attack - or the end of the world.
Ultimately - we learned that it was simply a natural phenomenon that occurs from time to time - if very rarely. But just how rare is this type of celestial visitor? And are we prepared for the risk?
The explosion of the meteor was uncomfortably close to the earth’s surface - only a couple dozen miles away - causing a lot of damage, and injuring over a thousand people.
As though Connecticut hasn’t seen enough damage from Mother Nature lately. Today we ask the question, who pays for a meteor explosion? And are we covered?