Insurance Policy Act Of God
Whether or not your home is insured against an act of god depends on the disaster and your policy s writing.
Insurance policy act of god. Many acts of god may be covered but the definition of an act of god is whatever your policy says that it is. Defining an act of god your auto insurance may protect you from acts of god even though this terminology will not appear written in your policy language. Ironically although an earthquake is a naturally occurring phenomenon insurance companies would have a different stance in considering whether its damage is an act of god. A historical perspective on acts of god in insurance.
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. If something happens to you that s not excluded and your claim meets all other policy terms and conditions the insurer will pay out. An act of god is an uncontrollable event such as tornadoes not caused nor controlled by humans. What it means in layman s term is.
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. At one time the exclusion could be found in insurance policies and indeed it can still be found in some non insurance contractual conditions. When it comes to car insurance act of god insurance sometimes refers to comprehensive coverage. They do not however cover damage from floods and earthquakes even.
Instead policies have a list of specific exclusions that should make clear what s insured and what s not. Nowadays insurance companies prefer not to rely on a term so broad as act of god. By contrast other extraordinary man made or. Act of god insurance refers to any kind of insurance that protects against these events.
Catastrophic events are a common example. 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. 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. Most standard homeowners insurance policies do cover damage from wind hail lightning and volcanic eruptions according to the insurance information institute.
This terminology however is a commonly understood concept in the insurance industry meaning losses that you cannot prevent through reasonable mitigation steps. Generally you will not see the phrase act of god in policies and perhaps not.
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