Even though "all risk" property insurance contracts do extend to cover a variety of calamities, there are standard exclusions where, in some cases, coverage is simply not available. For example, if you think in terms of natural disasters that may occur, like flood and earthquake, there are standard exclusions regarding these perils on most property policies. There are ways to purchase this coverage, however. More recently, the Federal Government passed legislation involving loss due to terrorism. Terrorism is now excluded from most commercial policies, but in some case may be bought back for an additional premium. Another more recent exclusion is damage or injury resulting from mold and fungi. As always, our recommendation is to discuss specifics with your agent, so that your needs may be properly addressed.
Written by Clark-Mortenson Insurance
Clark-Mortenson Insurance has been providing insurance solutions to individuals and businesses since 1877. Our goal is to be the "agency of choice" by offering the highest quality service through our committed, professional staff. Clark-Mortenson sets ourselves apart from our competition by offering our clients a team of trusted advisors who work together to offer the resources, information and experience that they need to ensure their physical and financial protection.
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