Insurance Policy Act Of God
At one time the exclusion could be found in insurance policies and indeed it can still be found in some non insurance contractual conditions.
Insurance policy act of god. For homeowners insurance you re protected against some acts of god such as wind with a standard policy while others like flooding require a special. Catastrophic events are a common example. An act of god is an uncontrollable event such as tornadoes not caused nor controlled by humans. 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. 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.
Whether or not your home is insured against an act of god depends on the disaster and your policy s writing. When it comes to car insurance act of god insurance sometimes refers to comprehensive coverage. By contrast other extraordinary man made or. A completely unforeseeable event where there has been no human intervention.
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. Many acts of god may be covered but the definition of an act of god is whatever your policy says that it is. Most standard homeowners insurance policies do cover damage from wind hail lightning and volcanic eruptions according to the insurance information institute. 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.
If something happens to you that s not excluded and your claim meets all other policy terms and conditions the insurer will pay out. 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. They do not however cover damage from floods and earthquakes even. 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.
What it means in layman s term is. This terminology however is a commonly understood concept in the insurance industry meaning losses that you cannot prevent through reasonable mitigation steps.
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