What is considered an act of God and now do the insurance companies back this thought?
An Act of God, for insurance purposes is any loss caused by natural disaster where no person could have foreseen that event. Most losses are not acts of God a road traffic accident is full of human error and logically most driver at anytime could be expected to be involved in some sort of accident.
Tornado's, Earthquake, Tsunami, volcanic eruptions (in some cases) are possible Acts of God.
Insurance companies can and do sometimes refuse to pay on Act of God claims.
I believe several large insurers now refuse to cover many areas of the Gulf Coast against Hurricane damage, because of the large losses caused by Katrina in 2005. One usually needs to pay higher premioums to cover for Acts of God if one lives in regions where natural dangerous conditions apply. So Californians are not generally covered for earthquake damage and need to pay for such coverage in special insurance policies.
by earnestshub 8 years ago
Have insurance companies dropped this clause, or is it still considered that "god" damaged your property?
by crankalicious 14 months ago
Isn't this a basic conservative principle of government?If you live on a coast, you should assume the full responsibility of the things that come with living on the coast, including hurricanes. If you live in Texas or Louisiana, it's practically a given that there's going to be flooding from some...
by LAURENS WRIGHT 6 years ago
How was the Insurance Companies able to Determine that Katrina was an Act of God?
by scoop 5 years ago
What exactly is "Obamacare" and when does the law go into effect?
by junko 7 years ago
To cause the President to fail? Is that why Big Business is not hiring and sitting on all that money? Why is Health insurance covering less and costing more? What's more important to the Nation and American people Jobs or who's president?
by Earl S. Wynn 7 years ago
What, when it comes to insurance, is considered an “act of god?”
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