Insurance Policy Act Of God
A completely unforeseeable event where there has been no human intervention.
Insurance policy act of god. Despite having read thousands of policies of insurance and being involved in the drafting of 100 s more i have never seen the words act of god appear in a policy as an insured or excluded peril. This terminology however is a commonly understood concept in the insurance industry meaning losses that you cannot prevent through reasonable mitigation steps. Act of god insurance refers to any kind of insurance that protects against these events. In legal usage throughout the english speaking world an act of god is a natural hazard outside human control such as an earthquake or tsunami for which no person can be held responsible an act of god may amount to an exception to liability in contracts as under the hague visby rules or it may be an insured peril in an insurance policy.
By contrast other extraordinary man made or. At one time the exclusion could be found in insurance policies and indeed it can still be found in some non insurance contractual conditions. If something happens to you that s not excluded and your claim meets all other policy terms and conditions the insurer will pay out. A historical perspective on acts of god in insurance.
When it comes to car insurance act of god insurance sometimes refers to comprehensive coverage. Instead policies have a list of specific exclusions that should make clear what s insured and what s not. It s best to clarify with your agent exactly what your policy covers because among natural disasters an earthquake can be one of the most devastating events and one. Catastrophic events are a common example.
Whether or not your home is insured against an act of god depends on the disaster and your policy s writing. What it means in layman s term is. They do not however cover damage from floods and earthquakes even. An act of god is an uncontrollable event such as tornadoes not caused nor controlled by humans.
Many acts of god may be covered but the definition of an act of god is whatever your policy says that it is. Generally you will not see the phrase act of god in policies and perhaps not. Nowadays insurance companies prefer not to rely on a term so broad as act of god. Insurance companies often limit or exclude coverage for acts of god.
If you have a policy that does contain an act of god exclusion please refer it to us and we shall be delighted to investigate this for you. Most standard homeowners insurance policies do cover damage from wind hail lightning and volcanic eruptions according to the insurance information institute.
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