Are there disasters my property insurance will not cover?

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.