Military activity and terrorism remains to be a leading concern to everyone. Our insured’s have expressed concerns such as:
- How do these events affect my insurance protection?
- Are war and terrorist acts considered the same?
- Exactly what is excluded in my policies?
- Do I have to buy additional coverage to protect my belongings during these events?
We understand your concern and confusion over the above issues, especially since everyone is being overwhelmed with news and media.
Most policies do not provide coverage for causes of loss that are considered uninsurable. Unfortunately coverage for war is one cause of loss that is excluded from personal lines and commercial lines policies. Auto and homeowners policies wording not only excludes war, but also any military action such as rebellions, revolutions and large-scale disturbances. In addition, coverage is excluded regardless whether the government declares a state of war. Acts if terrorism are apparent from war and involve individuals committing acts against others, where act of war is against governments or military personnel. These causes of loss were covered at one time under policies, however the likelihood of these acts are often now, causing insurance carriers to exclude coverage.
Coverage for Terrorism can be added to most commercial policies. If you have any questions about your existing policy, are inquiring information about a possible future policy or need further information, please call us at (631) 738-7300 or get a quick quote at www.vrpinsurance.com
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